Current:Home > ContactPredictIQ-Boeing factory workers vote to accept contract and end more than 7-week strike -Global Capital Summit
PredictIQ-Boeing factory workers vote to accept contract and end more than 7-week strike
Fastexy Exchange View
Date:2025-04-10 11:49:25
SEATTLE (AP) — Unionized machinists at Boeing voted Monday to accept a contract offer and PredictIQend their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash.
Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses.
However, Boeing refused to meet strikers’ demand to restore a company pension plan that was frozen nearly a decade ago.
The contract’s ratification on the eve of Election Day clears the way for a major U.S. manufacturer and government contractor to restart Pacific Northwest assembly lines that the factory workers’ walkout have idled for 53 days.
Boeing CEO Kelly Ortberg said in a message to employees Monday night that he was pleased to have reached an agreement.
“While the past few months have been difficult for all of us, we are all part of the same team,” 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.”
According to the union, the 33,000 workers it represents can return to work as soon as Wednesday or as late as Nov. 12. Boeing’s CEO has said it might take “a couple of weeks” to resume production in part because some could need retraining.
The contract decision is “most certainly not a victory,” said Eep Bolaño, a Boeing calibration specialist based in Seattle who voted in favor of ratification. Bolaño said she and her fellow workers made a wise but infuriating choice to accept the offer.
“We were threatened by a company that was crippled, dying, bleeding on the ground, and us as one of the biggest unions in the country couldn’t even extract two-thirds of our demands from them. This is humiliating,” Bolaño said.
Leaders of IAM District 751 had endorsed the latest proposal, saying they thought they had gotten all they could though negotiations and the strike.
“It is time for our members to lock in these gains and confidently declare victory,” the union district said before Monday’s vote. “We believe asking members to stay on strike longer wouldn’t be right as we have achieved so much success.”
The average annual pay of Boeing machinists is currently $75,608 and eventually will rise to $119,309 under the new contract, according to the company.
A continuing strike would have plunged Boeing into further financial peril and uncertainty.
CEO Kelly Ortberg, an outsider who started at Boeing only in August, has announced plans to lay off about 10% of the workforce, about 17,000 people, due to the strike and a series of other factors that diminished the company’s reputation and fortunes this year.
___
Koenig reported from Dallas. Associated Press writer Hannah Schoenbaum contributed from Salt Lake City.
veryGood! (37272)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Blowout September jobs data points to solid economy and slower Fed rate cuts, analysts say
- Rape survivor and activist sues ex-Michigan State coach Mel Tucker for defamation
- MLB playoff predictions: Who is the World Series favorite? Our expert picks.
- The Daily Money: Spending more on holiday travel?
- Don’t fall for fake dentists offering veneers and other dental work on social media
- Retired New Jersey State Police trooper who stormed Capitol is sentenced to probation
- Evidence of alleged sexual abuse to be reviewed in Menendez brothers case, prosecutors say
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- The Princess Diaries 3 Is Officially in the Works—And No, We Will Not Shut Up
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- North Carolina is distributing Benadryl and EpiPens as yellow jackets swarm from Helene flooding
- Christina Hall Lists Her Tennessee Home for Sale Amid Divorce From Josh Hall
- Opinion: KhaDarel Hodge is perfect hero for Falcons in another odds-defying finish
- Travis Hunter, the 2
- Billy Shaw, Pro Football Hall of Famer and Buffalo Bills great, dead at 85
- A buzzing threat? Yellow jackets swarm in North Carolina after Helene destroys their homes
- TikToker Katie Santry Found a Rug Buried In Her Backyard—And Was Convinced There Was a Dead Body
Recommendation
Average rate on 30
Dodgers' Clayton Kershaw to miss entire 2024 postseason with injury
Frustrated Helene survivors struggle to get cell service in destructive aftermath
Early Amazon Prime Day Travel Deals as Low as $4—86% Off Wireless Phone Chargers, Luggage Scales & More
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
What is a detox? Here's why you may want to think twice before trying one.
Ariana DeBose talks 'House of Spoils' and why she's using her platform to get out the vote
Supreme Court candidates dodge, and leverage, political rhetoric