Boeing Strike Ends with Machinists Approving 38% Pay Increase

After a seven-week strike, Boeing workers accept a new contract, allowing production to resume amid ongoing challenges.

The new contract includes a 38% wage increase over four years and a $12,000 ratification bonus for Boeing machinists.
The strike, which began on September 13, cost Boeing over $10 billion and severely impacted production lines.
Despite the pay raise, workers did not secure the restoration of a traditional pension plan, a key demand during negotiations.
Boeing faces significant challenges in ramping up production due to supply chain issues and previous quality control problems.
The agreement marks a significant win for labor unions, highlighting their growing influence in securing better worker conditions.