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Terminal News·Council··1 min read

Boeing engineers ratify contract avoiding strike

White-collar union approves deal with 32% pay increase over four years.

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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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