Boeing Strike Ends After 53 Days

Following leadership endorsement, the machinists' union approves a new contract with aerospace giant.

Caleb Revill

Tuesday, November 05, 2024 at 08:53 AM ET

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Edited By: davidmcdonald

Boeing 737 Max 10 [Credit: AirlineGeeks/William Derrickson]

Key Takeaways:

IAM union members voted to approve a new contract with Boeing, officially ending a 53-day strike in the Pacific Northwest.
The new contract, approved by 59% of over 26,000 members, includes a 38% (43% compounded) pay raise over four years and a $12,000 ratification bonus.
Key gains for workers also include an increased company 401(k) match and an enhancement to their Boeing Company Employment Retirement Plan.
The strike had resulted in significant losses for Boeing Co., including planned layoffs, and members are expected to return to work by November 12.

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International Association of Machinists and Aerospace Workers (IAM) union members voted to approve a new contract with Boeing Monday, putting an end to a lengthy strike in the Pacific Northwest.

Over 26,0000 members across IAM Districts 751 and W24 located respectively in Seattle and Gladstone, Oregon, voted 59 percent to approve a 38 percent pay raise. IAM District 751 streamed the voting results live on its Facebook page.