Welcome to the exciting news about Boeing and its largest union reaching a historic agreement on a new contract, potentially avoiding a strike that could have disrupted aircraft production. The two sides have come to terms on a deal that could have a significant impact on the future of the company.
According to Boeing and the International Association of Machinists and Aerospace Workers, the new contract includes substantial pay raises for the 33,000 workers represented by the union. Workers can expect a 25% raise over the four-year contract, with average wages increasing by 33% due to seniority step increases. Although this is slightly less than the 40% initially demanded by the union, it still represents a significant win for the workers.
One key aspect of the agreement is Boeing’s commitment to build its next aircraft in Washington state, a move that is sure to please union members. Additionally, workers will receive $3,000 lump sum payments and a reduced share of health care costs, further enhancing the benefits of the deal.
The successful outcome of the negotiations is contingent on union members ratifying the contract by late Thursday night Pacific time. In the event of a rejection, the union had been prepared to initiate a strike, highlighting the importance of this agreement for both sides.
Stay tuned for more updates on this developing story as we await the results of the union vote. Exciting times are ahead for Boeing and its workers as they navigate this crucial moment in their relationship.
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