Boeing Workers End Strike After Clinching Raises

Boeing’s US west coast factory workers have accepted a new contract offer, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled aircraft manufacturer.

The workers’ union said on Monday that members voted 59% in favour of the new contract, which includes a 38% pay rise spread over four years, easing pressure on the new Boeing chief executive, Kelly Ortberg, after two previous offers were voted down in recent weeks.

“This is a victory. We can hold our heads high,” the union’s lead negotiator, Jon Holden, told members after the results were announced. “Now it’s our job to get back to work.”

the side of a boeing plane fuselage showing the company name

The end of the first strike in 16 years by Boeing’s largest union is welcome relief for a company that has lurched from one setback to the next since a door panel blew off a near-new 737 Max plane in mid-air in January. Before that happened, Boeing had been trying to ramp up production after years of crisis after two fatal crashes and the coronavirus pandemic.

Boeing shares rose by 1.9% in pre-market trading.

In a message to Boeing employees, Ortberg said he was pleased the union had ratified a deal.

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