Seattle Boeing Tentative Agreement: Union Deal to Prevent Strike
Sunday, 8 September 2024, 14:11
Background of the Agreement
Seattle Boeing and its largest union announced a tentative agreement on a new contract on Sunday, aimed at avoiding potential industrial action by machinsts.
Key Provisions of the Contract
- Pay Raises: Workers will receive a 25% pay raise over the duration of the four-year contract.
- Seniority Increases: Average wages are expected to rise by 33% due to seniority step increases.
- Union Demands: Boeing agreed to manufacture its next aircraft in Washington state, a crucial demand from the union.
- Lump Sum Payments: Each worker will receive a $3,000 lump sum payment.
- Health Care Costs: The new contract includes a reduced share of health care costs for employees.
Impact of the Agreement
If ratified, the deal will benefit over 33,000 workers represented by the International Association of Machinists and Aerospace Workers, ensuring continued production without interruption.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.