By Osama 
Boeing workers have voted to approve a new contract that includes a 38% pay rise over four years, a $12,000 ratification bonus, and the reinstatement of an annual bonus scheme1. This decision comes after weeks of striking, which began on September 13, 2024, and involved nearly 33,000 members of the International Association of Machinists and Aerospace Workers (IAM)1.
The previous contract offer, which included a 35% wage rise but did not restore the defined pension plan, was rejected by nearly two-thirds of the workers1. The new contract, however, does not reinstate the old pension scheme, which was a key issue for many employees1.
The strike has significantly impacted Boeing’s operations, particularly the production of the 737 Max and 777 aircraft in Seattle1. The company’s shares rose by 2.5% in after-hours trading following the announcement of the latest offer1.
The IAM chapter has endorsed the latest contract proposal, urging members to “lock in these gains and confidently declare victory”1. The vote took place just before the U.S. presidential election, adding a layer of political significance to the decision2.
You can read the full article on The Guardian’s website: Boeing Workers Strike for Pay Raise and Bonus Vote
Sadiq Al Gobahi