Tentative deal announced to end Boeing strike
CNN
A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday.
A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday. The deal still needs to be ratified by a majority of the rank-and-file membership of the International Association of Machinists before it can take effect and workers can return to work. The union will hold the vote on Wednesday. Rank-and-file already nearly unanimously rejected a previous tentative agreement, precipitating the first strike at the company in 16 years. But the union statement said that the new offer is worthy of being put to the membership for a vote. The union said the offer will increase wages 35% over the four-year life of the contract. It will also increase company contributions to the members’ 401(k) plans, although it will not restore the traditional pension plan that was taken away from union members 10 years ago. Many union members had expressed anger over the loss of the pensions. The union credited Acting Labor Secretary Julie Su with brokering the deal in indirect talks between the union and management. Su had also negotiated the end of a strike by the International Longshoremen’s Association at dozens of ports on the East and Gulf Coasts earlier this month after a three-day walk-out earlier this month. Boeing did not immediately respond to CNN’s request for comment.
On Wednesday, Shahlise Cherry and her friend Deborah Arnone went to visit a fondly remembered past, one that helped to reshape retailing in America. They went shopping at the last full-size Kmart in the mainland United States, which is set to close its doors in Bridgehampton, New York, for good on Sunday.