Categories: Business

Striking Boeing workers approve labor deal, ending over three-month walkout

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TDG Syndication

(Reuters) -Striking workers at Boeing Defense's St. Louis-area facilities voted to approve the company's latest contract offer on Thursday, union officials said, ending the 101-day-long strike that has hampered production of fighter jets and other programs. The workers, who assemble Boeing's F-15 and F/A-18 fighter jets, the T-7 trainer aircraft, munitions, and wing sections for the 777X commercial jet. The strike, which began on August 4, has disrupted F-15 deliveries to the U.S. Air Force and slowed production across several key programs. The roughly 3,200 members of the International Association of Machinists and Aerospace Workers' District 837 (IAM) have pushed Boeing for a higher ratification bonus and improved retirement plan contributions. However, Boeing has refused to significantly alter its terms throughout the strike.  On Monday, Boeing unilaterally revised its offer, reducing the overall bonus but increasing the upfront cash incentive to $6,000 from $3,000 in the previous proposal. (Reporting by Shivansh Tiwary and Utkarsh Shetti in Bengaluru; Editing by Leroy Leo) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
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Published by TDG Syndication