Blockchains Finance-Boeing strike ends as machinists accept contract offer with 38% pay increase

2025-05-06 01:02:57source:NovaQuantcategory:Contact

Boeing's machinists voted to accept the company's latest contract offer,Blockchains Finance ending a strike that began on Sept. 13.

The latest contract promises a 38% pay increase over four years, a $12,000 ratification bonus and an increased 401(k) match. The striking workers rejected two previous contract offers.

The machinists' union endorsed this latest version of the contract and encouraged its members to approve.

"In every negotiation and strike, there is a point where we have extracted everything that we can in bargaining and by withholding our labor. We are at that point now and risk a regressive or lesser offer in the future," a statement from the union said.

Boeing's finances have taken a serious hit as a result of the strike, which halted production of 737, 767 and 777 aircraft in its Seattle-area plants. The strike was also seen as a contributing factor to October's weak jobs report. Last month, the U.S. economy added just 12,000 jobs, around 10% of what most economists predicted.

The airframer continues to struggle with customer confidence as delivery delays and regulatory crackdowns have tarnished its image with airlines and the broader public.

Zach Wichter is a travel reporter for USA TODAY based in New York. You can reach him at [email protected].

More:Contact

Recommend

McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales

Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal

Lawsuit filed in case of teen who died after eating spicy chip as part of online challenge

BOSTON (AP) — A lawsuit was filed Thursday in the case of a Massachusetts teen who died after he par

JFK's only grandson is doing political coverage for this outlet. It's not a surprise

Jack Schlossberg has got a new gig.The son of Caroline Kennedy and the only grandson of the late Pre