Oct 19, 2024 - Politics & Policy

Boeing reaches tentative deal to end strike

Lauren Floyd

Union members and supporters during a rally at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Tuesday, Oct. 15, 2024. About 33,000 Boeing factory workers have been on strike since Sept. 13, devastating production and draining Boeing's reserves. — Union members and supporters during a rally at the IAM District 751 Main Union Hall in Seattle, Washington, on Oct. 15, 2024. Photo: Chona Kasinger/Bloomberg via Getty Images

Boeing and its union of 33,000 members reached a tentative deal on Saturday that could win workers a 35% wage increase and end a strike hampering the company's production, per the proposal.

Why it matters: Boeing, already dealt the blow of repeated safety issues, has been trying to increase production and salvage its reputation.

The latest: The proposed wage increase would be spread over four years, with 12% distributed the first year, another 8% each of the next two years and 7% in the fourth year.

Zoom in: Most of the company's Seattle-area machinists — part of the International Association of Machinists and Aerospace Workers union who construct Boeing's 737, 777 and 767 jets— went on strike Sept. 13, Axios reported.

What's next: The union has set a vote to ratify the proposed contract for Wednesday.

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Boeing reaches tentative deal to end strike

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