Boeing Strike Ends as Workers Approve New Contract
The monthlong strike by Boeing workers has ended after union members voted to approve a new contract. The agreement includes pay increases, better benefits, and protections for workers’ jobs.
The strike began on Aug. 1 after workers rejected Boeing’s previous contract offer. The union, the International Association of Machinists and Aerospace Workers (IAM), said the offer did not provide enough pay increases or job protections.
Boeing and the IAM reached a tentative agreement on Sept. 26. The agreement was then voted on by union members. The vote was close, with 54% of workers voting in favor of the contract and 46% voting against it.
What’s in the New Contract?
The new contract includes the following provisions:
- Pay increases of 12% over the next three years
- Increased retirement benefits
- Improved health insurance coverage
- Protections for workers’ jobs
The contract also includes a provision that will allow Boeing to hire more temporary workers. This provision was opposed by the union, but Boeing said it was necessary to meet the company’s production goals.
Reaction to the Agreement
The IAM said it was pleased with the new contract. The union said the contract provides “significant improvements” for workers.
Boeing said it was “relieved” that the strike was over. The company said it was “committed to working with the IAM to build a stronger future for our employees and our company.”
Impact of the Strike
The strike had a significant impact on Boeing’s production. The company said it lost $1 billion in revenue during the strike.
The strike also caused delays in the delivery of Boeing aircraft. The company said it will take several months to catch up on the backlog of orders.
Conclusion
The end of the Boeing strike is a positive development for the company, its employees, and the economy as a whole.
The new contract provides workers with significant improvements in pay, benefits, and job protections.
Boeing is now able to resume production of its aircraft and catch up on the backlog of orders.