Boeing Workers Secure New Contract, Ending Strike with Industry Impact
TL;DR Summary
The International Association of Machinists and Aerospace Workers (IAM) union members at Boeing have ratified a new contract, achieving a 43.65% compounded wage increase over four years. This agreement, facilitated by U.S. Secretary of Labor Julie Su, follows a two-month strike and sets a new standard for the aerospace industry. The contract includes a $12,000 ratification bonus, improved retirement contributions, and enhanced job security provisions, marking a significant victory for the 33,000 frontline workers involved.
- IAM Union Workers At Boeing Achieve Contract Victory to Set New Standards For Aerospace Industry GOIAM
- Boeing machinist strike's economic impact: Estimated $5B nationally, local businesses affected KING5.com
- Boeing’s Strike Is Over. What’s Next for the Company? The New York Times
- Boeing Machinists prepare to go back to work after strike ends The Daily Herald
- Boeing workers vote to accept deal, end strike CNN
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