Boeing Reaches Tentative Union Deal—Would End Five-Week Strike
ForbesOCT 20 2024
A new contract proposal negotiated with help from Acting Labor Secretary Julie Su includes a 35% wage increase over four years, up from the previously rejected 25% offer, and a $7,000 signing bonus.
The deal enhances 401(k) matching to 100% and includes a one-time $5,000 contribution, though it does not reinstate the pension benefits eliminated a decade ago.
Approximately 33,000 union members will vote on the proposal Wednesday, following their previous 95% rejection of an earlier agreement.