The latest contract was approved by 59% of union membership.
RENTON, Wash. — Boeing machinists represented by IAM District 751 voted to approve a new contract with the company on Monday, bringing an end to a nearly two-month long strike that paralyzed the company’s jet production and cost them an estimated $1 billion a month.
The contract received 59% approval from union membership.
According to the union, workers can return to the job as early as the first shift on Nov. 6. They must return to work by the beginning of their shift on Nov. 12.
This is the latest in a series of contract proposals hammered out between machinists and the company in the first re-negotiating process in ten years. Machinists set out to achieve a 40% wage increase over the contract term, reinstatement of a pension plan (which the company did away with for new employees in 2014,) and lower healthcare costs, among other demands.
This latest contract proposal offers a 38% wage …