Boeing mechanics achieved a significant contract with a 38% wage increase over four years, but the demand to restore a frozen pension plan was not met.
Boeing’s strike resulted in losses of about $50 million a day, highlighting the financial urgency behind the negotiations and the importance of the new contract to resume production.
IAM District 751 President Jon Holden celebrated the contract ratification, saying it was a victory for workers who stood together, emphasizing unity and strength among the union members.
Despite the challenges of the past few months, Boeing CEO Kelly Ortberg expressed optimism for the future, stressing the importance of teamwork to achieve excellence for the company.
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