Boeing’s unionized workforce will vote on November 4 on an enhanced contract offer that could end their seven-week strike, which has halted production of key aircraft models and added strain to the company’s finances. The offer, which includes a 38% wage increase over four years, a larger signing bonus, and options for 401(k) contributions, has received the endorsement of the International Association of Machinists and Aerospace Workers (IAM). The union has advised its members to accept the deal, saying it represents the maximum they could secure through negotiations.
This latest contract offer comes at a pivotal time for Boeing, which recently announced plans to raise up to $24.3 billion to support its financial recovery amid the extended strike. More than 33,000 Boeing factory workers across the U.S. West Coast have been on strike, impacting production of Boeing’s flagship 737 MAX, as well as 767 and 777 widebodies.
The negotiating process involved Acting U.S. Secretary of Labor Julie Su, who commended both Boeing and the union for their efforts to reach a fair deal. This vote will take place just a day before the U.S. presidential election, which pits Democrat Kamala Harris, expected to support pro-union policies, against Republican Donald Trump. Approval of the contract would represent a win for Boeing’s new CEO, Kelly Ortberg, as he seeks to reshape Boeing’s corporate culture following recent quality and safety concerns.
While the union’s negotiating team backs the contract, it is not guaranteed to pass. Some members, who had previously rejected a 35% wage increase, remain dissatisfied, with some calling for the return of a defined-benefit pension plan that workers lost years ago. Boeing’s initial proposal of a 25% wage hike was overwhelmingly rejected in September.
