Boeing CEO Kelly Ortberg moved to Seattle while the company’s 33,000 workers hit the picket line. (Credit: Derrick Louie for Clarity Northwest Photography & Laura Halliday for Realogics Sotheby’s International Realty and KCPQ)
The International Association of Machinists and Aerospace Workers Local 751, which represents 33,000 members in Seattle, said it has accepted a new contract with Boeing, ending a union strike after nearly two months.
The union said union members voted 59% to accept the company’s proposal, which includes a 38% pay increase over four years that will ultimately raise wages from $75,608 to $119,309, Reuters reported. The offer also included endorsement and production bonuses.
Boeing did not agree to reinstate the company’s pension plan, which was widely sought by union members, but offered matching company contributions to employee 401(k) plans, according to Reuters.
IAM 751 posted to X Monday night that workers can return to work early Wednesday and should return at the start of the shift on Nov. 12.
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The Seattle-based Boeing machinists union approved a new contract with 59% of the vote after two months of strike action. The offer includes a 38% raise over four years and bonuses. (JASON REDMOND/AFP via Getty Images/Getty Images)
Boeing CEO Kelly Ortberg, who joined the company in August, said he was “pleased to reach a definitive agreement” with the mechanics.
“Although the past few months have been difficult for all of us, we are all part of the same team. We will only move forward by listening and working together. There is still a lot of work to do to return to the beauty that made Boeing a respected company,” said Ortberg. “This is an important moment in our history, and like the generations before us, we will face the moment together, and be strong as one team.”
Boeing engineers accepted the company’s contract Monday night, which includes a 38% pay increase over four years as well as certification and productivity bonuses. (JASON REDMOND/AFP via Getty Images/Getty Images)
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President Biden also issued a statement congratulating the union and Boeing for “reaching an agreement that reflects the hard work and dedication of 33,000 Machinist workers.”
“This contract provides a 38% wage increase over four years, improves workers’ ability to retire with dignity, and supports workplace fairness. This contract is also important to Boeing’s future as an important part of America’s aerospace industry,” he said.
Boeing lost more than $1 billion a month as a result of the strike, according to figures released before the job cuts were announced. (JUSTIN TALLIS/AFP via Getty Images/Getty Images)
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The strike, which began on September 13, involved Boeing workers on the West Coast and had a negative impact on the company’s production after they refused to work on the 737 MAX and the 767 and 777 widebodies.
Boeing was losing more than $1 billion a month due to the strike, according to an estimate released before Ortberg announced the company would cut 17,000 jobs, or 10% of its global workforce.
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