Boeing factory workers accept contract and end 7-week strike. (38% pay raise over 4 years)
Boeing factory workers accept contract and end 7-week strike. (38% pay raise over 4 years)
The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. Boeing refused to meet a demand to restore a company pension plan.
From the article:
Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks.
Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses.
However, Boeing refused to meet strikers’ demand to restore a company pension plan that was frozen nearly a decade ago.
The average annual pay of Boeing machinists is currently $75,608 and eventually will rise to $119,309 under the new contract, according to the company.
