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Boeing's 33,000 Machinists Vote Today on Union-Backed Deal to End 7-Week Strike

Nov 4, 2024, 11:18 AM

Boeing Co.'s machinists, numbering approximately 33,000, are set to vote today, Monday, on a new union-backed contract proposal that could potentially end a strike that has lasted over 7 weeks. The workers, represented by the International Association of Machinists and Aerospace Workers, will decide whether to accept the offer from Boeing, which aims to address the wage and benefit concerns that led to the work stoppage. A positive vote would allow the aerospace giant to resume airplane production and bring in much-needed cash. Industry analyst Ron Epstein of Bank of America estimates a two-thirds chance that the contract will be approved.