Boeing Workers to Vote on New Contract

Boeing workers, represented by the International Association of Machinists and Aerospace Workers (IAM), are set to vote on a proposed contract that includes a 35% salary increase over four years, potentially ending a strike that has lasted more than a month. The union's leadership has indicated that the agreement, reached with assistance from Acting U.S. Secretary of Labor Julie Su, is worthy of consideration. The proposal also includes a $7,000 ratification bonus and improved retirement plan contributions. The strike, which began on September 13, has significantly disrupted production of Boeing's key aircraft models, including the 737 MAX. Boeing's previous offers of a 30% and 25% wage increase were rejected by union members, who initially sought a 40% pay increase and restoration of a pension plan. Amidst ongoing financial challenges, Boeing recently announced plans to cut 17,000 jobs and has faced increasing scrutiny from lawmakers to resolve the labor dispute swiftly.