Summary

Boeing’s unionized machinists voted to approve a revised contract, ending a seven-week strike that had stalled plane production.

The contract includes a 38% wage increase over four years, a $12,000 bonus, and enhanced 401K contributions, though it doesn’t restore pensions—a key issue for workers.

The agreement follows earlier rejected offers and marks a turning point after union leaders urged ratification, citing potential risks of future regressive offers.

The strike had halted production of Boeing’s 737 models, contributing to Boeing’s recent $6.1 billion quarterly loss amidst ongoing safety concerns and federal scrutiny.

  • neuracnu
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    18 days ago

    I chatted with Boeing strikers about this.

    The contract proposal was announced on Halloween, with the strikers getting contract details in a conference call that night (while many were either out trick or treating with their kids or otherwise having fun). The vote was scheduled for Monday, the day before a massively monumental election.

    They didn’t get the pensions they wanted most. This entire thing was timed for maximum anxiety and distraction.