Boeing factory strike ends as workers vote to accept contract
Boeing factory strike ends as workers vote to accept contract
apnews.com Boeing's machinists strike is over but the troubled aerospace giant still faces many challenges
The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. Boeing refused to meet a demand to restore a company pension plan.
Summary
Boeing factory workers in Seattle voted to accept a new contract, ending a 53-day strike that halted production of the company’s key airliner.
The deal, approved by 59% of voting union members, includes a 38% wage increase over four years, a $12,000 ratification bonus, and productivity incentives, though it does not restore a previously frozen pension plan.
The strike cost Boeing an estimated $50 million per day, exacerbating financial pressures. Boeing looks to resume production within weeks.
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