Boeing Workers Secure New Contract, Ending $9.6 Billion Strike

The agreement includes a 43% wage increase over four years, marking a significant victory for the union.

Boeing's strike, one of the costliest in recent history, concluded with a new contract ratified by 59% of union members.
The contract entails a 43% wage increase over four years and a $12,000 bonus, boosting machinists' average annual pay to over $119,000.
Workers will receive enhanced benefits, including improved disability plans and 401(k) matching contributions up to 8%.
US Secretary of Labor Julie Su played a pivotal role in facilitating the negotiations between Boeing and the union.
The strike's resolution allows Boeing to resume production, but challenges remain in restoring its reputation and financial stability.