Machinists Reject Latest Boeing Offer

‘There is no Boeing production without our members,’ IAM district leader says after vote tally.

Caleb Revill

Thursday, October 24, 2024 at 09:27 AM ET

Verified

Edited By:

Travis Tingle

Boeing’s 737 Max 10 at Boeing Field. [Courtesy: AirlineGeeks | Katie Zera]

Key Takeaways:

International Association of Machinists (IAM) members overwhelmingly rejected Boeing's latest contract offer, extending the six-week-long strike.
The rejection, despite significant pay increases, bonuses, and improved 401(k) benefits, primarily stemmed from Boeing's refusal to reimplement the IAM pension plan.
The ongoing strike has severely impacted Boeing, halting 737 production and contributing to $6.2 billion in third-quarter losses and workforce reductions.
Union leadership confirmed their commitment to continue the strike until workers' demands, particularly regarding restoring past concessions like the pension, are met, citing a robust strike fund.

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A majority of International Association of Machinists and Aerospace Workers (IAM) members voted Wednesday to reject the latest contract offer from Boeing, continuing the six-week-long strike.

The new contract rejection means a continuation of the month-long strike by union members of IAM Districts 751 and W24 located respectively in Seattle and Gladstone, Oregon. Sixty-four percent of members voted against the contract, according to results released by IAM on social media.