Boeing and its machinists union have reached a tentative agreement on a new four-year employment contract. The deal, which is subject to ratification by union members, would provide significant wage increases and benefits for Boeing workers.
The International Association of Machinists (IAM) and Boeing announced the agreement on September 8. The proposed contract would increase workers’ average pay by 25% over four years, making it the largest wage increase in the company’s history. The agreement covers approximately 33,000 workers employed at Boeing’s 767 and 777 production site in Everett and its 737 assembly facility in Renton.
In addition to the wage increases, the deal includes a commitment from Boeing to build its next new aircraft in the Puget Sound region. However, this commitment is contingent upon the company’s board of directors approving the launch of a new aircraft during the contract’s term.
If approved by union members, the tentative agreement would avert a potential strike that was scheduled to begin on September 13. The current contract between Boeing and the IAM expires on September 12.
