Boeing Reaches Tentative Union Deal—Would End Five-Week Strike
ForbesOCT 2024
Boeing machinists have sacrificed over the years and deserve a fair contract. The improved contract proposal demonstrates the power of worker solidarity and collective action, resulting in significantly better terms than the initial offer — including guaranteed minimum bonus payouts and enhanced retirement benefits.
The strike had severely impacted Boeing's financial stability during an already challenging period, forcing necessary workforce reductions and threatening the company's competitive position in the global aerospace market. The end of the dispute would mark a positive moment for Boeing in what has been a difficult year for the aerospace titan.
There's a 1% chance that Boeing will release a new midsize aircraft, likely called the 797, into commercial service before 2030, according to the Metaculus prediction community.