by Donald Wood
Last updated: 8:10 AM ET, Tue November 5, 2024
Machinists at Boeing voted to approve a new contract offer
and end their work stoppage after seven weeks.
According to The
New York Times, 59 percent of the voting machinists accepted the contract
in a vote on Monday, with employees coming back to work as early as November 6.
All employees will be required to return to work by November 12.
If the machinists’ union—the International Association of
Machinists and Aerospace Workers—approves the contract, each worker would be
awarded a $12,000 ratification bonus and higher wages.
“While the past few months have been difficult for all of
us, we are all part of the same team,” Boeing CEO Kelly Ortberg said. “We will
only move forward by listening and working together.”
“There is much work ahead to return to the excellence that
made Boeing an iconic company,” Ortberg continued.
The proposed contract would deliver a 38 percent raise over
the four-year duration of the deal, an increase from the 35 percent increase
previously proposed by Boeing. Employees initially sought a 40 percent
cumulative pay increase.
United States President Joe Biden said the new contract
shows that “collective bargaining works,” and that better deals for impacted Boeing
employees benefit “workers, businesses, and consumers.”
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