economie

Boeing union endorses sweetened contract deal after nearly 7 weeks on strike

Boeing IAM union members may see an end to a nearly 7-week strike after the union endorsed a sweetened deal offered by the airplane maker.

  • Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases.
  • The planemaker proposed a sweetened deal that includes a 38% pay increase over 4 years, the union said.
  • The union said it is recommending workers to approve the deal on Monday.

Boeing union workers are endorsing a sweetened contract offered by the airplane maker, signaling an end to a nearly seven-week strike that put a halt to the company’s manufacturing operations.

The International Association of Machinists & Aerospace Workers, or IAM, said in a social media post on Thursday evening that Boeing had offered a new contract that includes a 38% raise over four years. The union said it is endorsing the contract and recommends members to approve the deal during Monday’s vote.

Spokespeople for Boeing and the IAM did not immediately respond to a request for comment.

Boeing machinists have been on strike since September 13 after workers rejected a proposal to raise pay by 25% over four years. Union members demanded a 40% raise.

This story is developing, check back for more.

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https://www.businessinsider.com/boeing-union-iam-endorses-contract-pay-raise-strike-2024-10