Boeing's machinists strike is over but the troubled aerospace giant still faces many challenges
apnews.com
The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. Boeing refused to meet a demand to restore a company pension plan.

cross-posted from: https://lemmy.world/post/21648625

From the article:

Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks.

Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses.

However, Boeing refused to meet strikers’ demand to restore a company pension plan that was frozen nearly a decade ago.

The average annual pay of Boeing machinists is currently $75,608 and eventually will rise to $119,309 under the new contract, according to the company.

  • halcyoncmdr@lemmy.worldEnglish
    4·
    2 months ago

    Which also brings up the fact that annual inflation still applies, so realistically it’s more like 6.5% increases. Since annual inflation is usually around 3% or so.

    If you’re not getting about a 3% “raise” each year, you’re getting paid less than you were.