Boeing Workers End Seven-Week Strike

Aircraft assembly workers at Boeing voted to end a seven-week strike, with 59% approving the company's fourth offer, which includes a 38% wage increase over four years but does not restore a previously frozen pension plan. This strike, part of a broader trend in organized labor, reflects increased actions taken by unions, with nearly 500 stoppages involving over 539,000 workers last year, according to Cornell University. While the number of work stoppages rose only 9% from 2022 to 2023, the number of workers involved surged by 141%. Unions argue that after making sacrifices during the pandemic, it is time for companies to acknowledge their consistent profits and fairly compensate workers. The resolution of the Boeing strike allows the company to restart assembly operations that had been idled, with analysts estimating losses of about $50 million daily during the strike. This event is seen as part of a new era of labor activism that has gained momentum in recent years.