Some 59% of union members voted in favor of the deal, which calls for a 38% wage increase over four years and an increase in pension contributions.
Boeing employees voted to accept a new labor contract and end the strike. This was reported by the press service of the labor union.
It noted that about 59% of union members voted for the agreement, which provides for a 38% wage increase over four years and an increase in pension contributions.
Workers could begin returning to factories in Washington, Oregon and California on November 6.
Although union negotiators reportedly approved the proposal, warning that another rejection could result in lost earnings in weeks of collective bargaining, the new contract still faces opposition. The 41% who voted to reject the deal represent a large portion of the union’s membership and will push for better terms during subsequent contract negotiations in 2028.
Remember that Boeing employees went on strike demanding higher wages. The strike led to the suspension of production of the 737, 777 and 767 aircraft models. The international rating agency S&P Global Ratings estimates the damage from the protest action for Boeing at more than $1 billion per month.
It was also reported that Boeing Co announced plans to lay off up to 10% of employees and worsened its forecasts for financial performance in the third quarter.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.