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Boeing strike ends as pay deal approved
After almost two months, the Boeing workers’ strike has ended.
More than 26,000 union members voted with around 60% voting to accept a new improved four-year contract.
Workers will return to work on Wednesday.
According to the new agreement workers get a 38% wage increase and a $12,000 ratification bonus.
The bonus includes a $5,000 lump sum into workers’ 401(k)s, the union said.
The dispute and following negotiations were tense with the federal government stepping in to mediate.
“This was a hard-fought strike. There was tough, hard bargaining on both sides. Our members voted to strike, withhold their labor, and they stood strong. They stood together,” the union said.
The long stoppage halted most work on commercial jet assembly and has been costing Boeing around $100 million a day.
It has cost the plane maker and suppliers more than $9 billion, according to analysis from Anderson Economic Group.
President Joe Biden welcomed the settlement.
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“Over the last four years, we’ve shown collective bargaining works,” Biden said.
“Good contracts benefit workers, businesses, and consumers — and are key to growing the American economy from the middle out and the bottom up.”
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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