"Our members are critical to that mission, and now have a stronger voice in the decision-making process to ensure those needed improvements are made," Holden said. He emphasized that the IAM's role was integral to Boeing's operations, stating, "There is no Boeing without the IAM" while expressing commitment to restoring company standards.
Holden credited workers for reaching a "groundbreaking" agreement that would set a new standard for compensation and wages for aerospace industry workers. He noted that "this contract will have a positive and generational impact on the lives of workers at Boeing and their families."
According to Bloomberg, Boeing expects to "continue to burn cash in 2025" as workers help the embattled company ramp production back up. Boeing's commitment to build their next jet in the Puget Sound region highlights long-term investment in local labor.
Boeing raised $23 billion by selling off shares to banks to fund their production efforts, noted as "one of the largest ever of its kind by a public company," further emphasizing the serious financial commitment Boeing is making to its workers and future operations.
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