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6mo ago

Boeing Union Faces Crucial Vote on New Contract Offer

The outcome could end a costly seven-week strike affecting Boeing's operations and the broader economy.

People hold signs during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024.
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Employees work the picket line after union members voted to reject a new contract offer from the company outside the Boeing manufacturing facility, on October 24 in Renton, Washington.
Boeing 737 Max fuselages sit on railcars in Seattle during an ongoing strike by the company’s factory workers. The strike is affecting suppliers and their employees spread across all 50 states.

Overview

  • Boeing's new contract proposal includes a 38% wage increase over four years, but does not restore the traditional pension plan.
  • Union leadership has urged members to accept the offer, warning that rejecting it could result in a less favorable deal.
  • The strike has already cost Boeing $6.5 billion and affected 44,000 jobs, including those at Boeing's suppliers across the U.S.
  • Some union members remain dissatisfied, citing insufficient improvements and the loss of pensions as major concerns.
  • Boeing's CEO Kelly Ortberg has emphasized the need for a resolution to reset relations with the union and stabilize the company's operations.