Home Business Boeing Offers 25% Pay Raise to Over 30,000 Employees to Avert Looming Strike
BusinessNews

Boeing Offers 25% Pay Raise to Over 30,000 Employees to Avert Looming Strike

416

Boeing and the International Association of Machinists and Aerospace Workers have reached a tentative agreement to avoid a strike that would have affected 33,000 production workers.

The contract will be voted on Thursday and includes a 25 per cent pay raise over four years, which is the largest increase in recent years. According to a statement by  Boeing on Sunday, the workers will also receive a $3,000 lump sum payment within 30 days.

The new pay rates will range from $21 to $37 per hour for entry-level positions, with maximums going up to $57.43. The agreement also lowers health insurance costs and offered better job security. Boeing has promised to build the next commercial airplane at union-represented plants in the Puget Sound area.

Union leaders are calling this the best contract they have ever negotiated, even though it does not meet their original demand for a 40 per cent pay increase. Boeing’s new CEO, Kelly Ortberg, is under pressure to improve the company’s reputation after facing quality issues – one of which is the recent failure of Boeing’s Starliner to return NASA astronauts to earth. The upcoming vote will decide whether the contract is accepted or if a strike will go ahead.

 

Read More: Guinea-Bissau Authorities Announce Largest-Ever Cocaine Bust With 2,633kg Found On Seized Aircraft

About The Author

Related Articles

News

From St. Lucia to Brazil — Tinubu Abroad While Nigeria Bleeds

President Bola Tinubu has come under mounting criticism for embarking on back-to-back...

News

Outrage as Benue Governor Joins Tinubu in Brazil Despite Recent Massacre Crisis and Insecurity

Despite ongoing violence and humanitarian crises in Benue State, the state’s Governor,...

Image Source: AIB
NewsSecurity

Burkina Faso Raises Over $183 Million in Patriotic Support Fund in First Half of 2025

The government of Burkina Faso has raised over 101.8 billion CFA francs...

Burkina Faso Church Construction Materials
News

Burkina Faso: Assemblies of God Church Donates Construction Materials Worth $18,000 to Support Faso Mébo Initiative

The General Council of the Assemblies of God Church of Burkina Faso...