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Sun Sep 8, 2024, 09:46 PM Sep 8

Boeing reaches tentative pact with machinists

By Lori Aratani / The Washington Post

Boeing reached a tentative agreement early Sunday with its machinists union, a deal that could help it avoid a costly and damaging strike as it seeks to recover from a series of crises.

The deal with the International Association of Machinists and Aerospace Workers District 751 is unprecedented, with a 25 percent general wage increase for all employees over four years along with a reduction in workers’ health-care costs and an increase in the amount Boeing contributes to workers’ retirement plans. But perhaps more significantly, the deal includes a commitment by Boeing that it will build its next new aircraft in Washington state.

Both sides hailed the agreement; the first entirely new one since 2008.

“After 16 years, we finally got back to the bargaining table to fight for what you deserve and bargain the full agreement,” the bargaining team wrote in a message to members, recommending that they ratify the deal. “In that time, the world has changed, and so have we.”

https://www.heraldnet.com/news/boeing-reaches-tentative-pact-with-machinists/

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