Boeing Reaches Tentative Deal with Union, 25% Wage Increase for 33,000 Workers to Avert Strike

Sep 8, 2024, 03:45 PM

Boeing has reached a tentative agreement with its largest union, potentially averting a strike that threatened to halt aircraft production. The deal, which covers over 33,000 workers primarily in the Seattle region, includes a 25% wage increase over four years, a reduction in healthcare costs, and a commitment to build the next commercial airplane in the Puget Sound area. The agreement also features $3,000 lump sum payments, increased contributions to retirement plans, and average wages rising 33% due to seniority step increases. Union members are set to vote on the contract on Thursday. If ratified, the agreement will prevent a strike that was set to begin this Friday.