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Boeing Strike Ends
Boeing workers end seven-week strike after accepting a new contract with significant wage increases, but without pension restoration.
English
United States
Us PoliticsLabour MarketNegotiationsLaborManufacturingAerospaceAgreement
BoeingInternational Association Of Machinists And Aerospace WorkersBank Of AmericaAlaska Airlines
Jon HoldenKelly OrtbergJoe BidenJulie SuJay Inslee
- How did union members react to the contract agreement?
- Reactions to the contract's ratification were mixed among union members, with some viewing it as a victory and others expressing disappointment. Despite the wage increase, the failure to restore the pension plan was a source of frustration for some workers.
- What was the outcome of the Boeing factory workers' strike?
- The Boeing factory workers' strike, lasting over seven weeks, concluded with 59% of voting members accepting the company's contract offer. The deal includes a 38% wage increase over four years, along with ratification and productivity bonuses.
- What were some of the key provisions of the contract agreement?
- Boeing's refusal to reinstate the frozen company pension plan was a point of contention, despite the union's endorsement of the contract. The strike's end allows Boeing to resume production of its 737 airliners after a significant financial loss estimated at $50 million daily.
- What is the expected impact of the agreement on Boeing's operations?
- The contract's ratification is expected to bring Boeing's production lines back online in the coming weeks. However, the resumption will take time, as it may take a couple of weeks for the workers' retraining and the restarting of the manufacturing process.
- How did government officials respond to the resolution of the strike?
- President Biden and Washington Governor Jay Inslee both praised the agreement, highlighting the importance of fair wages and workplace respect. Biden cited the agreement's significance for Boeing's future and America's aerospace sector.