Boeing Strike Ends After 53 Days As Workers Accept Contract
HuffPost
The deal includes a 38% raise for employees over four years, as well as a higher 401(k) contribution and a ratification bonus of up to $7,000.
Tens of thousands of Boeing workers are ending their 53-day strike after voting to accept a contract offer with significant wage gains on Monday.
The deal between the airplane manufacturer and the International Association of Machinists and Aerospace Workers gives employees a 38% raise over four years, an increased 401(k) contribution and a one-time payment of up $12,000 for ratifying the contract, among other provisions.
The agreement, approved with 59% of ballots, is much closer to the original 40% raise that the union had pushed for; the company had been offering 25% when workers walked off the job on Sept. 13.
Boeing CEO Kelly Ortberg said the company was “pleased” to settle a contract and get back to building planes.
“There is much work ahead to return to the excellence that made Boeing an iconic company,” he said in a statement.
