Boeing's strike ends after machinists approve new labor contract with 38% wage increases

Last Updated: November 4, 2024Categories: BusinessBy Views: 8

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Boeing workers from the International Association of Machinists and Aerospace Workers District 751 attend a rally at their union hall during an ongoing strike in Seattle, Washington, U.S. October 15, 2024. 

David Ryder | Reuters

Boeing machinists approved a new labor deal Monday, ending a more than seven-week strike that halted most of the company’s aircraft production.

Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years. It was their third vote since walking off the job on Sept. 13 when they overwhelmingly rejected an earlier proposal promising 25% raises, far short of the 40% the union sought.

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