Boeing Strike Ends as Workers Approve Contract Offer

Machinists Union Ratifies Deal, Ending Two-Month Walkout

Workers Return to Work Monday, Production to Resume Gradually

SEATTLE, Wash. — The Boeing machinists' strike has come to an end after workers voted to approve a new contract offer from the company. The deal, which was ratified by a vote of 68% to 32%, ends a two-month walkout that has disrupted production of the company's commercial aircraft.

Under the terms of the new contract, workers will receive a 12% pay increase over the next three years. They will also receive increased healthcare benefits and a new defined contribution pension plan.

Boeing had initially offered a 5% pay increase over three years, which was rejected by the union. The company subsequently increased its offer to 10%, but the union held out for a 12% increase.

The strike, which began on Sept. 1, has cost Boeing an estimated $1 billion in lost revenue. The company has also been forced to delay deliveries of some of its aircraft.

With the strike now over, workers are expected to return to work on Monday. Production of Boeing's commercial aircraft is expected to resume gradually over the next few weeks.

The end of the strike is a relief for both Boeing and the union. The company can now focus on ramping up production of its commercial aircraft, while the union has secured a significant pay increase for its members.