09/08/2024

Boeing Reaches Tentative Contract Agreement with Machinists Union

The deal may avert a strike

Early Sunday, Boeing reached a tentative agreement with its machinists union, a deal that could help it avoid a costly and damaging strike as it seeks to recover from a series of crises.

The deal with the International Association of Machinists and Aerospace Workers District 751 is unprecedented, with a 25 percent general wage increase for all employees over four years along with a reduction in workers’ health-care costs and an increase in the amount Boeing contributes to workers’ retirement plans. But perhaps more significantly, the deal includes a commitment by Boeing that it will build its next new aircraft in Washington state.

Both sides hailed the agreement — the first entirely new one since 2008.

Please select this link to read the complete article from The Washington Post.