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Boeing Strike Ends with 38% Pay Raise Agreement
Boeing workers end seven-week strike after accepting a 38% pay raise over four years.
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Us PoliticsLabour MarketMilitary TechnologyNegotiationsLaborIndustryDisputeAgreement
BoeingInternational Association Of Machinists And Aerospace Workers (Iam)Anderson Economic GroupWhite House
John HoldenKelly OrtbergJulie Su
- What was the outcome of the Boeing workers' strike?
- Boeing employees in the US have accepted a 38% pay raise offer over four years, ending a seven-week strike that significantly impacted the company's finances.
- What was the White House's response to the Boeing strike?
- The White House took the strike seriously, with the acting Secretary of Labor intervening to assist in negotiations, highlighting the importance of Boeing to the US economy.
- When did the Boeing strike begin and how many workers were involved?
- The strike, involving roughly 30,000 workers, began on September 13th and ended after 59% of the striking workers voted in favor of the new contract.
- What are the key elements of the agreement reached to end the strike?
- The new agreement includes a $12,000 bonus and changes to retirement programs, addressing worker demands for improved compensation and benefits.
- What were the financial implications of the Boeing strike for the company?
- The strike cost Boeing nearly $10 billion and prompted the company to raise funds through stock sales and consider job cuts.