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Boeing Strike Ends
Thousands of Boeing workers ended their seven-week strike after accepting a new contract with significant pay raises and bonuses. The strike impacted production and added to Boeing's existing challenges.
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BoeingIam (International Association Of Machinists And Aerospace Workers)Alaska Airlines
- Why did the Boeing workers go on strike?
- The Boeing strike, involving 33,000 workers, ended after seven weeks due to a new contract offering a 38% pay raise over four years and a $12,000 bonus.
- What was the impact of the strike on Boeing's operations?
- The strike halted production of Boeing's 737 and 777 models, costing the company over a billion dollars and further delaying deliveries.
- What recent issues has Boeing faced in addition to the strike?
- The strike came amid a series of setbacks for Boeing, including quality control issues highlighted by a recent incident where a part fell off a new 737-9 Max during flight.
- What were the terms of the new contract that ended the strike?
- The agreement was the third offer presented by Boeing; it passed with 59% worker approval. The contract also includes improved bonus payments and reverses earlier plans to eliminate them.
- What were some of the long-term factors contributing to the strike?
- In the past decade, Boeing workers had accepted several pay freezes, leading to demands for significant wage increases; Boeing also announced plans to cut 10% of its workforce (around 17,000 jobs).