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Permanent workforce reduction at Boeing due to strike by Dec 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Boeing's official announcements or HR reports
Story
Boeing and Union Reach Tentative Deal with 35% Wage Increase to End 33,000-Worker Strike
Oct 19, 2024, 03:49 PM
Boeing Co. and the union representing its 33,000 machinists have reached a tentative agreement to end a strike that has halted production of some of the company's top-selling jets since September 13. The deal includes a 35% wage increase over four years, up from the 25% previously offered, and a $7,000 ratification bonus. The union, IAM District 751, will present the proposal to its members for a vote on Wednesday, October 23. If approved, the agreement, brokered with the involvement of the acting U.S. Secretary of Labor, would conclude the five-week strike and allow production to resume.
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Increase in workforce • 25%
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Return to pre-strike levels • 33%
Increase compared to pre-strike levels • 33%
Decrease compared to pre-strike levels • 34%