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Boeing Strike Ends
Boeing workers end seven-week strike after agreeing to a new contract.
English
United States
Labour MarketStrikeLaborBoeingAerospaceAgreement
BoeingInternational Association Of Machinists And Aerospace WorkersBank Of AmericaAlaska Airlines
Kelly OrtbergJoe Biden
- What was the outcome of the Boeing worker strike?
- Boeing workers have voted to end their seven-week strike, accepting a deal that includes a 38% wage increase over four years. The agreement allows Boeing to resume production of its bestselling airliner and generate much-needed revenue.
- What is the broader significance of the agreement?
- President Joe Biden commended both Boeing and the machinists union for reaching a fair agreement. He highlighted the deal's significance for Boeing and the broader American aerospace sector.
- What was the financial impact of the strike on Boeing?
- The strike cost Boeing an estimated \$50 million per day and created further financial uncertainty for the already troubled company. It caused significant disruptions to Boeing's production and operations.
- How did Boeing's CEO and President Biden react to the agreement?
- Boeing's CEO, Kelly Ortberg, expressed his satisfaction with the agreement, emphasizing the importance of teamwork and working together to restore Boeing's excellence. The company's return to production is anticipated within a few weeks.
- What were the key terms of the agreement reached between Boeing and its workers?
- The deal does not restore the company pension plan, a key demand of the strikers. However, it does include ratification and productivity bonuses, along with substantial wage increases.