Summary
Boeing’s unionized machinists voted to approve a revised contract, ending a seven-week strike that had stalled plane production.
The contract includes a 38% wage increase over four years, a $12,000 bonus, and enhanced 401K contributions, though it doesn’t restore pensions—a key issue for workers.
The agreement follows earlier rejected offers and marks a turning point after union leaders urged ratification, citing potential risks of future regressive offers.
The strike had halted production of Boeing’s 737 models, contributing to Boeing’s recent $6.1 billion quarterly loss amidst ongoing safety concerns and federal scrutiny.
See? It isn’t that people don’t want to work, it is that people don’t want to get exploited.
But you wouldn’t know it…