Boeing Machinists this evening ended the strike that has halted airplane production for four weeks, endorsing with an 80 percent vote the deal reached last weekend.
Boeing Machinists this evening ended the strike that has halted airplane production for four weeks, endorsing with an 80 percent vote the deal reached last weekend by the union leadership and Boeing management.
The first workers are due to return to the factories late tonight for the third shift. Machinists who’ve taken other jobs or gone out of town have up to two weeks to return.
The deal gives the Machinists a 17 percent pension increase and holds steady their health care contributions. They will also receive more than $11,000 on average in lump sum payments over the three years of the contract. While they’ll get a 1 percent annual cost of living increase, there is no general wage increase.
The strike began September 2 after 86 percent of voting union members rejected the company’s previous offer.
Boeing will now ramp up production of the 777 and 737 jets to catch up on missed deliveries. But an internal company contingency plan obtained by the Seattle Times projected that, even after a three-year recovery period, the ultimate cost of a four-week strike would be $169 million in lost profits.