this post was submitted on 05 Nov 2024
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Work Reform

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cross-posted from: https://lemmy.world/post/21648625

From the article:

Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks.

Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses.

However, Boeing refused to meet strikers’ demand to restore a company pension plan that was frozen nearly a decade ago.

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.

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[–] [email protected] 33 points 1 month ago

I’m glad the union has a majority in agreement on this step. But Boeing is going to regret not having any long-term skill retention when they all leave for greener pastures because there’s no incentive to stay.