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What changes will Boeing make to its workforce strategy by December 31, 2024, following the machinists strike?
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Resolution / Starting Odds
Increased Hiring • 25%
Workforce Reduction • 25%
No Change • 25%
Other Strategic Changes • 25%
Official announcements from Boeing
Story
Boeing's 35% Wage Hike and $7,000 Bonus in Tentative Deal to End Machinists Strike
Oct 19, 2024, 03:10 PM
Boeing Co. and the International Association of Machinists (IAM), representing around 33,000 workers, have reached a tentative wage deal to end a strike that has halted most of the company's production since September 13. The new proposal offers a 35% wage increase over four years, up from the 25% increase previously offered, and includes a $7,000 ratification bonus. Union members will vote on Wednesday on whether to accept the agreement and end the five-week-long work stoppage.
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Increase in workforce • 25%
Decrease in workforce • 25%
No significant change • 25%
Other • 25%
New labor relations policies implemented • 25%
No significant changes • 25%
Increased focus on automation • 25%
Other strategic changes • 25%
Less than 10,000 layoffs • 25%
10,000 to 17,000 layoffs • 25%
More than 17,000 layoffs • 25%
Layoffs reversed • 25%
Return to pre-strike levels • 33%
Increase compared to pre-strike levels • 33%
Decrease compared to pre-strike levels • 34%
Strike ends with current offer • 25%
Strike ends with a new offer • 25%
Strike continues into 2025 • 25%
Other resolution • 25%
Significantly reduced • 25%
Slightly reduced • 25%
Unchanged • 25%
Increased • 25%
Yes • 50%
No • 50%
Successful restructuring with improved financials • 25%
Partial success with moderate improvement • 25%
No significant improvement • 25%
Further decline in financial performance • 25%
Yes • 50%
No • 50%
Significant increase in workforce diversity • 25%
Significant decrease in workforce diversity • 25%
No significant change in workforce diversity • 25%
Data not available or inconclusive • 25%
Strike ends with agreement • 25%
Strike continues into 2025 • 25%
Government intervention • 25%
Other resolution • 25%