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Boeing Workers Vote To End Strike With 43.65% Wage Increase Over 4 Years (truthout.org)

submitted 4 weeks ago by [email protected] to c/[email protected]

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It also includes a ratification bonus, as well as improved retirement and health care benefits, and overtime rules.

After seven weeks on strike, Boeing workers voted Monday to ratify a new contract that includes a 43.65% wage increase over four years — a significant improvement over the 25% increase that the aerospace giant offered in September.

Members of the International Association of Machinists and Aerospace Workers (IAM) Districts 751 and W24 approved the contract in a 59%-41% vote around two weeks after rejecting a tentative deal that called for a 35% pay increase over a four-year period.

The contract approved by workers also includes a $12,000 ratification bonus, improvements to retirement and healthcare benefits, and improved overtime rules.

“Strikes work,” labor journalist Kim Kelly wrote in response to the contract vote.

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[–] [email protected] 34 points 4 weeks ago

Amazing, the 35% 'best and last' offer Boeing offered 3 times wasn't actually the best and last, and collective bargaining exceeded the 40% pay raise the union set out for.

Union strong, bitches.

[–] ProIsh 10 points 4 weeks ago (1 children)

Wish it would have included pension. We really need to bring that back as a standard.

[–] [email protected] 4 points 4 weeks ago (1 children)

It also includes a ratification bonus, as well as improved retirement and health care benefits, and overtime rules.

I think retirement benefits includes pension, no?

[–] davidgro 6 points 4 weeks ago

I read elsewhere that the pension was specifically not included, but the rest of the package sure sounds to me like a good deal in the headlines.

I know a Boeing employee, I'll have to ask them about their take on it when I get a chance.