Skip to main content
Business

Boeing union members accept new contract ending strike

Share

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.

QR code for SAN app download

Download the SAN app today to stay up-to-date with Unbiased. Straight Facts™.

Point phone camera here

They had voted almost unanimously against Boeing’s first offer, which started the strike on Sept. 13.

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.

Tags: , ,

[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.