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Boeing Strike Ends With Contract Approval
Boeing workers end their seven-week strike after accepting a new contract offering significant pay raises and bonuses.
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- What was the outcome of the recent Boeing strike?
- Boeing employees in Seattle have ended their seven-week strike after voting to accept the company's latest contract offer, which includes a 38% pay raise over four years and a $12,000 bonus.
- What other challenges has Boeing been facing recently?
- Boeing has faced numerous challenges recently, including quality control issues, such as a near-miss incident involving a 737-9 Max where a part of the fuselage broke off during flight. This added to the pressure the company was already under.
- What were the key terms of the contract offer accepted by Boeing employees?
- The strike, which began on September 13th, involved approximately 33,000 workers and significantly impacted Boeing's production of the 737 Max, 767, and 777 aircraft. The work stoppage cost Boeing over a billion dollars.
- How did Boeing employees initially respond to previous contract offers from Boeing?
- The IAM union initially rejected two previous offers from Boeing, with the first offering a 25% pay increase and the second a 35% increase. The union recommended accepting the fourth offer and members voted 59% in favor.
- What is the significance of this contract agreement for both Boeing and its employees?
- The successful negotiation concludes a significant labor dispute for Boeing, potentially alleviating some of the financial and production pressures facing the company, while providing substantial pay increases for its workers.