Boeing strike ends as workers accept new contract – One America News Network

November 5, 2024 – 8:52 AM PST

Members of the International Association of Machinists and Aerospace Workers District 751, embrace at a union hall after learning that union members voted to approve a new contract proposal from Boeing in Seattle, Washington, U.S. November 4, 2024. REUTERS/David Ryder Purchase Licensing Rights, opens new tab

SEATTLE (Reuters) – Boeing’s (BA.N) 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.

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

Shares of the planemaker were down 0.8% on Tuesday.

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