Boeing machinists end strike, approve labor contract with 38% wage hike

Boeing machinists in Seattle, Washington, have approved a new labor deal after more than seven weeks of striking. The new contract includes a 38% wage increase over four years and other benefits. This approval is a relief for Boeing’s CEO, Kelly Ortberg, who has been navigating safety and manufacturing crises. President Joe Biden congratulated both the union and the company for reaching a deal, emphasizing the importance of Boeing to America’s aerospace sector. This was the machinists’ third vote, with the majority in favor this time. Workers are expected to return to their jobs by November 12, with an average pay of $119,309 by the end of the contract proposal.