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Boeing and union reach new contract offer as strike vote approaches

cnbc.com — November 1, 2024, 12:02 AM UTC

Summary: Boeing and its machinists' union have reached a new contract offer aimed at ending a strike that began on September 13. A vote on the proposal is scheduled for Monday, November 4.

The new offer includes a 38% wage increase over four years, up from a previous 35% proposal. Workers can choose between a $12,000 one-time bonus or a $7,000 bonus plus a $5,000 retirement contribution.

The strike has significantly impacted Boeing's production and financial stability, with the company reporting over $6 billion in losses last quarter. The strike's effects are also expected to influence the upcoming U.S. jobs report.

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Article metrics
Significance3.7
Scale & Impact3.9
Positivity6.5
Credibility8.5
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Timeline:

  1. [3.4]
    Boeing seeks to resolve strike as financial losses escalate (dw.com)
    8h
    Source
  2. [3.1]
    Boeing and striking machinists reach new contract deal to end costly work stoppage (qz.com)
    8h
    Source
  3. [3.7]
    Boeing machinists union to vote on new contract offer that may end strike (npr.org)
    11h
    Source
  4. [3.2]
    Boeing offers 38% wage hike and $12,000 bonus as workers prepare to vote on new contract (benzinga.com)
    13h
    Source
  5. [2.4]
    Union urges Boeing machinists to back new contract with 38% wage increase (kgw.com)
    15h
    Source
  6. [3.7]
    Machinist union members to vote on new Boeing contract offer next week (mynorthwest.com)
    16h
    Source
  7. [3.5]
    Boeing workers to vote on new contract offer as strike enters eighth week (oregonlive.com)
    17h
    Source
  8. [3.6]
    Boeing workers to vote on new contract with 38 percent pay increase and bonus (aljazeera.com)
    19h
    Source
  9. [3.6]
    Boeing offers 38% pay increase to striking workers as union prepares for vote (bbc.com)
    20h
    Source
  10. [3.3]
    Boeing workers to vote on new contract offer to end seven-week strike (gazette.com)
    20h
    Source
  11. [3.6]
    Boeing workers to vote on new contract with 38% pay rise and larger bonus (theguardian.com)
    21h
    Source
  12. [3.5]
    Boeing workers to vote on new contract offer to end seven-week strike (clickondetroit.com)
    21h
    Source
  13. [2.2]
    Boeing workers strike for pension restoration as contract talks stall (rawstory.com)
    1d 10h
    Source
  14. [3.3]
    Boeing and striking workers resume negotiations after union rejects contract offer (forbes.com)
    2d 13h
    Source
  15. [3.4]
    Boeing machinists strike enters 47th day as airlines face delivery delays (kgw.com)
    2d 18h
    Source