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Boeing ends Crippling strike after workers accept 38% pay rise
The Straits Times
|November 06, 2024
Boeing's US West Coast factory workers accepted a new contract offer on Nov 4, their union said, bringing an end to a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker.
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The union said members voted 59 per cent in favour of the new contract, which includes a 38 per cent pay rise spread over four years, easing pressure on new Boeing chief executive Kelly Ortberg after two previous offers were voted down in recent weeks.
"This is a victory. We can hold our heads high," Mr Jon Holden, the union's lead negotiator, told members after the results were announced.
The end of the first strike in 16 years by Boeing's largest union provides welcome relief for a company that has lurched from one setback to the next since a door panel blew off a near-new 737 Max plane in mid-air in January.
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