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What will be the impact on Boeing's aircraft production schedule due to the tentative agreement by the end of 2024?
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Resolution / Starting Odds
No impact • 25%
Slight delays • 25%
Moderate delays • 25%
Severe delays • 25%
Public statements from Boeing or industry reports
Story
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.
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Less than 10% reduction • 25%
10% to 20% reduction • 25%
20% to 30% reduction • 25%
More than 30% reduction • 25%
Return to pre-strike levels • 33%
Increase compared to pre-strike levels • 33%
Decrease compared to pre-strike levels • 34%
Deal ratified without changes • 25%
Deal ratified with changes • 25%
Deal rejected and strike occurs • 25%
Deal rejected but no strike • 25%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by less than 5% • 25%
Decrease by more than 5% • 25%
Yes • 50%
No • 50%
Improved financial performance • 25%
Declined financial performance • 25%
No significant impact • 25%
Other • 25%
Yes • 50%
No • 50%
Boeing agrees to 40% wage increase • 25%
Boeing agrees to 30% wage increase • 25%
Boeing agrees to a wage increase between 30% and 40% • 25%
No agreement reached by end of 2024 • 25%
Agreement reached with current terms • 25%
Agreement reached with improved terms for workers • 25%
No agreement reached, strike continues • 25%
Other outcome • 25%
Improvement in net income • 33%
No significant change in net income • 33%
Decline in net income • 34%
