Boeing machinists have voted to end their strike.
It's a decent contract, though I would have liked to see them get their defined benefit retirement package back:
The Boeing strike is over after 53 days.
Machinists union members voted Monday to approve the company’s most recent contract offer, enabling Boeing to restart work at assembly plants in Everett and Renton and at parts plants throughout the region.
Results announced late Monday showed the offer was approved with 59% of ballots cast in favor.………
The 33,000 Machinists in Boeing’s Puget Sound factories walked out Sept. 13, kicking off a strike that has left the company’s factories sitting idle and its financial position increasingly precarious.
Before Monday’s vote, Machinists had rejected two offers from Boeing as they pushed for greater concessions on wages, which have failed to keep up as living costs skyrocketed in the Seattle area over the past decade. The latest contract offer, put forward by Boeing on Thursday, included a 38% general wage increase over the next four years, which compounds to roughly 43% over the life of the agreement.
And still only 59% of union members voted to support this.
………
Under the latest proposal, wages increase 13% in the first year, then 9%, 9% and 7% in subsequent years.
The Machinists also get a $12,000 cash bonus. That sum is a combination of the previous offer’s $7,000 ratification bonus and one-time $5,000 contribution to 401(k) retirement accounts.
The offer did not restore the defined benefit pension plan. Compared with the prior contract that expired this year, the latest proposal would bump up the Boeing matching contribution to the 401(k) to a maximum of 12% of annual income. That’s unchanged from the previous offer.
Unfortunately, they still have management that will f%$# the workers, the customers and safety
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