Boeing’s strike ends after machinists approve new labor contract with 38% wage increases

Boeing machinists approved a new labor deal after a more than seven-week strike, with 59% voting in favor of the contract that includes 38% wage increases over four years. The approval is a relief for Boeing’s new CEO Kelly Ortberg, and President Joe Biden congratulated the union and company on reaching the deal, which also includes improvements in retirement benefits and workplace fairness. The machinists must return to work by Nov. 12 and will see their pay average $119,309 at the end of the contract, which also includes a 13% wage increase, increased 401(k) contributions, and a signing bonus.

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