Boeing union workers approved a labor contract that increases pay by 38% over four years, ending a strike that had lasted seven weeks.
The new contract also includes a $12,000 ratification bonus, while workers had previously rejected two other offers for not meeting their compensation expectations.
Despite this win, workers are still without a highly-demanded pension plan that had been removed a decade ago, highlighting ongoing compensation concerns.
The strike resulted in an estimated loss of $50 million per day for Boeing, causing significant disruption to production and airline deliveries.
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