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PHOTO: Boeing employees cheer and wave picket signs as a driver honks in support after a majority of union members voted to reject a new contract offer from the company, Oct. 23, 2024, in Renton ...
For the first time in 16 years, contract negotiations between Boeing (NYSE: BA) and its International Association of Machinists (IAM) labor union broke down and ended in a strike after the union ...
A tentative agreement has been reached between Boeing and the roughly 33,000 machinists that went on strike last month, the union announced Saturday. “We are finalizing the strike settlement ...
Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers who build the planes that carry millions of airline ...
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. The union said the compounded value of the ...
By early October, the strike had cost Boeing an estimated $5 billion. [7] Negotiations broke down on October 8, with Boeing Commercial Airplanes President and CEO Stephanie Pope stating that the union "made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business."
Boeing and union leaders miscalculated during their initial negotiations, announcing an agreement over a tentative contract that more than 94% of IAM workers later rejected. The union originally ...
The union is seeking a 40% pay rise over four years and the restoration of a defined-benefit pension that was taken away in the contract a decade ago. Boeing made an improved offer last month that ...