Boeing workers voted to accept the company’s latest contract offer Monday night, Nov. 4, putting an end to the costliest strike in the U.S. in more than two decades. Members of the International Association of Machinists voted 59% in favor of the deal.
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They had voted almost unanimously against Boeing’s first offer, which started the strike on Sept. 13.
🚨 BREAKING 🚨
— Machinists Union (@MachinistsUnion) November 5, 2024
33,000 frontline workers at Boeing, members of @IAM751 and W24, voted to ratify a new union contract with the company that has instantly set a new standard for compensation and wages for aerospace industry workers. https://t.co/UKrEGWZHHV
Then less than two weeks ago, 64% said they were against the second offer, which extended the strike.
Under the new deal, workers will get an immediate raise of 13%, then a 9% pay increase next year and in 2026, then another 7% in 2027, which is the final year of the contract. Altogether that’s a 43% raise total.
Workers will also get a $12,000 bonus, part of which they can put toward their 401K. However, the new deal did not restore the company’s pension plan, which had been a major sticking point in the strike that has cost the jet maker more than one billion dollars in revenue
The 33,000 union members will start returning to work on Wednesday, Nov. 6.
[craig nigrelli]
A NON-ELECTION-RELATED story– but one that still involves voting.
OVERNIGHT, BOEING WORKERS VOTED TO ACCEPT THE COMPANY’S LATEST CONTRACT OFFER — PUTTING AN END TO THE COSTLIEST STRIKE IN THE U-S IN MORE THAN TWO DECADES.
59 percent of the MEMBERS OF THE INTERNATIONAL ASSOCIATION OF MACHINISTS VOTED IN FAVOR OF THE DEAL.
THEY HAD VOTED ALMOST UNANIMOUSLY **AGAINST** BOEING’S FIRST OFFER — which STARTED THE STRIKE on September 13th.
THEN less than two weeks ago — 64 PERCENT SAID “NO” , THEY WERE **AGAINST** THE SECOND OFFER — EXTENDING THE STRIKE.
UNDER THE NEW DEAL — WORKERS WILL GET AN IMMEDIATE RAISE OF 13 PERCENT, THEN A 9 PERCENT PAY INCREASE NEXT YEAR AND IN 20-26, THEN ANOTHER 7 PERCENT IN 20-27 — WHICH IS THE FINAL YEAR OF THE CONTRACT.
ALTOGETHER THAT’S A 43 PERCENT RAISE TOTAL
WORKERS WILL ALSO GET A 12-THOUSAND DOLLAR BONUS — PART OF WHICH THEY CAN PUT TOWARD THEIR 401-K.
HOWEVER, THE NEW DEAL DID **NOT** RESTORE THE COMPANY’S PENSION PLAN — WHICH HAD BEEN A MAJOR STICKING POINT in the strike that has cost THE JET MAKER MORE THAN ONE **BILLION** DOLLARS IN REVENUE
THE 33-THOUSAND UNION MEMBERS START RETURNING TO WORK ON WEDNESDAY.
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