Boeing engineers ratify contract avoiding strike
White-collar union approves deal with 32% pay increase over four years.

Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Boeing engineers and technical workers ratified a new labor contract. 123 The Society of Professional Engineering Employees in Aerospace, Boeing's largest white-collar union, approved the agreement. 13 The contract includes a 32% pay increase over four years and a 10% immediate raise. 1 Engineers voted 67.6% in favor and technicians 53.5%. 1
Why it matters
The ratified deal avoids a labor disruption that could have halted work. 1 The agreement aids the certification of delayed aircraft. 1 Avoiding the strike eases risks to Boeing's production. 2 Boeing shares gained 3.4% following the ratification. 1
Sources · 3
[1]Boeing (BA) Union Ratifies Labor Deal, Easing Strike Risks Impacting Production
gurufocus.com · via Marketaux
[2]Boeing averts strike as engineers ratify deal: 32% pay hike over 4 years, 10% immediate raise
livemint.com · via Marketaux
[3]Boeing engineers and technical workers approve new contract, avoiding strike
cnbc.com · via Marketaux
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