FILE - Boeing Machinists union members Alex Garcia, right, Hossein Hosseini, center, and Molly Rimko picket outside of a Boeing Factory, September 13, 2024 in Renton, Washington. The union voted overwhelmingly to reject the airplane maker's contract offer and strike. Boeing factory workers voted Monday to accept the company’s latest contract offer and to conclude a nine-week strike that has halted production of the aerospace giant’s bestselling jetliners.
The general wage increases total 38% before compounding. Beyond that, there is a $12,000 ratification bonus. The deal also includes gains in retirement funding, job security, and bonuses. Nine locations were set up Monday for machinists to cast their ballots across western Washington, parts of Oregon, and California. According to the International Association of Machinists and Aerospace Workers , voting concluded at 7 p.m.38% general wage increase over four years – 13%, 9%, 9%, 7% which compounds to 43.65% over the life of the agreement
AMPP incentive plan is reinstated, with a guaranteed minimum annual payout of 4%, including a 2024 payout in February 2025Special company retirement contribution of 4% into 401 maintainedWhat is left out of the deal is the reinstatement of a pension plan, which machinists were forced to give up a decade ago and has been a rallying point for some workers. More than 33,000 members of IAM at Boeing locations in Washington state, Oregon, and California began striking on Sept. 13.