Boeing Says It Has a Deal To Avoid a Strike by More Than 30,000 Machinists
Boeing’s greatest strength is that it remains one of the world’s two leading manufacturers of airline jets, forming a duopoly with Europe’s Airbus.
Boeing and its largest union said Sunday they reached agreement on a new contract that, if ratified, will avoid a strike that threatened to shut down aircraft production by the end of the coming week.
Boeing said 33,000 workers represented by the International Association of Machinists and Aerospace Workers would get pay raises of 25 percent over the four-year contract, with average wages rising 33 percent due to seniority step increases. That is less than the 40 percent the union had demanded during negotiations.
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