Boots & Sabers

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Owen

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0713, 05 Nov 24

Boeing Strike Ends

Finally.

SEATTLE (Reuters) – Boeing’s U.S. West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker.

 

The union said members voted 59% in favor of the new contract, which includes a 38% pay rise spread over four years, easing pressure on new Boeing CEO Kelly Ortberg after two previous offers were voted down in recent weeks.

 

Shares of the planemaker were up nearly 2% in premarket trading on Tuesday.

 

“This is a victory. We can hold our heads high,” Jon Holden the union’s lead negotiator, told members after the results were announced. “Now it’s our job to get back to work.”

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0713, 05 November 2024

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