{"id":73649,"date":"2024-11-05T10:48:07","date_gmt":"2024-11-05T05:18:07","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=73649"},"modified":"2024-12-10T01:22:44","modified_gmt":"2024-12-09T19:52:44","slug":"boeing-workers-approve-new-contract-end-strike","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/11\/05\/boeing-workers-approve-new-contract-end-strike\/","title":{"rendered":"Boeing Workers Approve New Contract, Strike Ends After 7 Weeks"},"content":{"rendered":"\n<p><strong>SEATTLE-<\/strong> Union workers at <a href=\"https:\/\/aviationa2z.com\/?s=Boeing\">Boeing<\/a> voted Monday to accept the company\u2019s latest contract offer, ending the longest and costliest US strike in over 25 years. The International Association of Machinists (IAM) reported that 59% of members voted in favor of the agreement.<\/p>\n\n\n\n<p>Previously, union members had rejected Boeing\u2019s initial and second offers, with nearly unanimous opposition to the first and a 64% rejection of the second, extending the strike.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-1024x576.webp\" alt=\"Boeing Workers Approve New Contract, Strike Ends After 7 Weeks\" class=\"wp-image-71277\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-1024x576.webp 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-300x169.webp 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-768x432.webp 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-50x28.webp 50w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-1600x900.webp 1600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-1536x864.webp 1536w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-150x84.webp 150w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-450x253.webp 450w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1-1200x675.webp 1200w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/10\/Boeing-767-production-line_1.webp 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo: Boeing<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-boeing-workers-end-strike\">Boeing Workers End Strike<\/h2>\n\n\n\n<p>The <strong>33,000 union members<\/strong> who have been on strike since September 13 will return to work by next Tuesday.<\/p>\n\n\n\n<p>The new contract includes a 13% immediate wage increase, followed by 9% raises in each of the next two years, and a 7% raise in the fourth and final year. Overall, workers will see their pay increase by more than 43% across the four-year agreement.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"qme\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/IAM751Machinists?src=hash&amp;ref_src=twsrc%5Etfw\">#IAM751Machinists<\/a> <a href=\"https:\/\/t.co\/VfgWRvtjJ6\">pic.twitter.com\/VfgWRvtjJ6<\/a><\/p>&mdash; IAM Union District 751 (@IAM751) <a href=\"https:\/\/twitter.com\/IAM751\/status\/1853664063429189635?ref_src=twsrc%5Etfw\">November 5, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The contract includes a $12,000 ratification bonus, with an option for workers to contribute part of it to their 401(k) retirement plans. However, the deal does not reinstate the traditional pension plan removed in 2014, a key sticking point that had fueled worker frustration and contributed to the rejection of Boeing\u2019s previous two offers.<\/p>\n\n\n\n<p>Union leaders had urged members to accept the latest proposal, advising that a third rejection could lead to less favorable terms in future negotiations. The union characterized the agreement as a \u201cvictory,\u201d despite only minor differences from the October 23 offer, which members had rejected.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"612\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-1024x612.webp\" alt=\"Boeing Workers Approve New Contract, Strike Ends After 7 Weeks\" class=\"wp-image-69995\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-1024x612.webp 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-300x179.webp 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-768x459.webp 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-50x30.webp 50w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-1600x957.webp 1600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-1536x919.webp 1536w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-150x90.webp 150w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-450x269.webp 450w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011-1200x718.webp 1200w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/09\/1806px-Aerial_Boeing_Everett_Factory_October_2011.webp 1806w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo: By Jeremy Elson &#8211; Own work, CC BY-SA 3.0, https:\/\/commons.wikimedia.org\/w\/index.php?curid=16996754<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-huge-impact-on-production\">Huge Impact on Production<\/h2>\n\n\n\n<p>The nearly two-month strike, which began on September 13, led to combined wage losses of over $600 million for the 33,000 workers, but Boeing\u2019s financial losses are estimated to exceed $6.5 billion, according to the Anderson Economic Group. The broader impact on the U.S. economy is projected at $11.5 billion.<\/p>\n\n\n\n<p>This strike compounded Boeing\u2019s financial challenges, following nearly $40 billion in core operating losses since the <a href=\"https:\/\/aviationa2z.com\/?s=737+MAX\">737 MAX <\/a>grounding in 2019 and 2020.<\/p>\n\n\n\n<p>Despite these strains, Boeing needed to settle the strike to resume aircraft deliveries, its primary revenue source. Deliveries, including the 737 MAX and freighter models, had stalled during the work stoppage, further choking revenue.<\/p>\n\n\n\n<p>The contract underscores the relatively low share of labor costs in Boeing\u2019s production expenses, which are heavily weighted toward raw materials and outsourced components, such as avionics and fuselages, from suppliers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-1024x576.webp\" alt=\"Boeing to Deliver New 777X in 2025 and Claims It is Better than A350\" class=\"wp-image-66672\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-1024x576.webp 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-300x169.webp 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-768x432.webp 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-50x28.webp 50w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-1600x900.webp 1600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-1536x864.webp 1536w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-150x84.webp 150w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-450x253.webp 450w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02-1200x675.webp 1200w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/07\/K65682-02.webp 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo: Boeing<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-largest-american-exporter\">Largest American Exporter<\/h2>\n\n\n\n<p>Boeing, the largest American exporter, remains a significant force in the U.S. economy despite recent challenges. The ongoing strike has disrupted operations for many of Boeing\u2019s 10,000 suppliers nationwide, leading to layoffs across all 50 states.<\/p>\n\n\n\n<p>Boeing estimates its annual economic impact at <strong>$79 billion<\/strong>, supporting 1.6 million jobs directly and indirectly, with 150,000 U.S. employees, including the striking workers.<\/p>\n\n\n\n<p>The Labor Department reported that 44,000 jobs were affected in October, encompassing the 33,000 strikers and non-striking Boeing and supplier employees who faced temporary layoffs due to halted aircraft manufacturing.<\/p>\n\n\n\n<p>Airlines are also impacted, as new jet deliveries have been delayed. These delays add to ongoing concerns around Boeing&#8217;s quality control, including an incident in January where a missing door plug on an Alaska Airlines jet led to a major safety investigation.<\/p>\n\n\n\n<p>For Boeing\u2019s new CEO, Kelly Ortberg, ending the strike is critical. Ortberg, who assumed his role just five weeks before the strike, aims to \u201creset\u201d the company\u2019s strained relationship with the union.<\/p>\n\n\n\n<p>Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n<p>Join us on\u00a0<a href=\"https:\/\/t.me\/s\/aviationa2z\" rel=\"nofollow\">Telegram Group\u00a0<\/a>for the Latest Aviation Updates. Subsequently, follow us on\u00a0<a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMPLdrgsw_-jGAw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\">Google News<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-aviation-a-2-z wp-block-embed-aviation-a-2-z\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"MREgSczxqr\"><a href=\"https:\/\/aviationa2z.com\/index.php\/2024\/12\/10\/boeing-using-faulty-parts-says-whistleblowers\/\">Boeing Using Faulty Parts to Speedup 737s, 777s Production: Whistleblowers<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Boeing Using Faulty Parts to Speedup 737s, 777s Production: Whistleblowers&#8221; &#8212; Aviation A2Z\" src=\"https:\/\/aviationa2z.com\/index.php\/2024\/12\/10\/boeing-using-faulty-parts-says-whistleblowers\/embed\/#?secret=b1DpxpUNGx#?secret=MREgSczxqr\" data-secret=\"MREgSczxqr\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Union workers at Boeing voted Monday to accept the company\u2019s latest contract offer, ending the longest and costliest US strike in over 25 years.<\/p>\n","protected":false},"author":147,"featured_media":71276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8468,8476,6761],"tags":[21013,6365,25194,25168,9931,9933,10022,10021],"class_list":{"0":"post-73649","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-boeing","8":"category-breaking","9":"category-news","10":"tag-aviation-union","11":"tag-boeing-news","12":"tag-boeing-strike","13":"tag-boeing-workers-strike","14":"tag-international-association-of-machinists","15":"tag-international-association-of-machinists-and-aerospace-workers-iam","16":"tag-machinists","17":"tag-spirit-aerosystems-machinists"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/73649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/147"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=73649"}],"version-history":[{"count":3,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/73649\/revisions"}],"predecessor-version":[{"id":77040,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/73649\/revisions\/77040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/71276"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=73649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=73649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=73649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}