After more than seven weeks of striking, Boeing factory workers voted to accept a contract that includes a substantial wage increase and bonuses, ending the work stoppage.
The ratified deal offers a 38% wage increase over four years, but fails to address the union's demand for restoration of a pension plan that was frozen nearly a decade ago.
Boeing CEO Kelly Ortberg expressed satisfaction with reaching an agreement, emphasizing the need for collaboration and hard work to restore the company’s excellence after recent challenges.
While the new contract significantly raises average machinist pay to $119,309, the union's leaders highlighted the ongoing struggle to reinstate a previously available pension plan.
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