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:

International Association of Machinists and Aerospace Workers (IAM) union members voted 59 percent to approve a new contract with Boeing, effectively ending a 53-day strike.
The new four-year contract includes a 38 percent pay raise (43 percent compounded), a $12,000 ratification bonus, and enhanced 401(k) benefits.
The approval means IAM members are expected to return to work by November 12, concluding a strike that caused significant losses for Boeing.

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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.