Boeing machinists voted to approve a new contract proposal on Monday, ending a 53-day strike, with 59pc of union members backing the agreement that includes a 38pc wage increase for 33,000 workers.
The strike was marked by significant emotions related to the loss of a pension plan, and union leaders emphasized the importance of the agreement, stating it was a victory after 22 years of struggle.
Despite the approval of the contract, Boeing continues to face challenges, including a $6bn loss in the third quarter and ongoing quality control issues, which have hampered production and profitability.
While the machinists successfully negotiated higher wages and a $12,000 ratification bonus, Boeing has refused to restore the traditional pension plan frozen in 2014, instead increasing contributions to 401(k) plans.
Kelly Otberg shared: Team, We were pleased to reach a ratified agreement with IAM 751 & W24 tonight.
While the past few months have been difficult for all of us, we are all part of the same team.
We will only move forward by listening and working together. There is much work ahead to return to the excellence that made Boeing an iconic company.
This is an important time in our history, and like generations before us, we will face into the moment together, and stronger as one team.
Kelly
