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Boeing workers approve contract, end strike

  • Market: Metals
  • 05/11/24

Union-backed machinists approved a new labor contract with aircraft manufacturer Boeing, ending a seven-week strike that halted production of major jet programs and disrupted aerospace supply chains.

More than 32,000 factory workers represented by the International Association of Machinists and Aerospace Workers voted by 59pc to ratify the deal, the local union said late Monday.

Employees secured a general wage increase of 38pc spread out over four years and a $12,000 ratification bonus, along with other retirement and health care benefits.

All workers must return to their positions by 12 November but can return as early as Wednesday, the union said.


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