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Boeing Strike Ends
Boeing machinists end 53-day strike after approving a contract with significant wage increases and bonuses. Some union members remain unhappy with the pension plan.
English
United States
PoliticsLabour MarketMilitary TechnologyNegotiationsLaborIndustryContract
BoeingNprWhite House
Jon HoldenKelly OrtbergJoe BidenJulie SuSteve InskeepMichel MartinJoel Rose
- What are the benefits for Boeing in reaching this agreement?
- Boeing benefits from the deal by restarting plane production, addressing a $6 billion loss in Q3, and improving its image after recent safety issues and production problems.
- What role did the government play in the resolution of the strike?
- The White House supported the deal, highlighting its importance for Boeing's future. Acting Labor Secretary Julie Su played a role in facilitating negotiations.
- What is the timeline for the resumption of Boeing's factory operations?
- Boeing factories can resume operations as soon as Wednesday, though a complete restart might take time, considering the need to get suppliers back up to speed and ensure quality.
- What are the key terms of the new contract agreed upon by Boeing and its machinists' union?
- The Boeing machinists' strike, lasting 53 days, ended with a new contract providing a 38% wage increase, a $12,000 ratification bonus, and increased 401k contributions.
- What were the main objections or points of contention among union members despite the deal's approval?
- Union members expressed some unhappiness, mainly due to Boeing's refusal to reinstate the traditional pension plan frozen in 2014, a key demand that wasn't met.