Topline Boeing’s striking factory workers voted to accept the company’s revised contract offer—promising a larger wage increase and bonus payments—and end a seven-week-long work stoppage, setting the stage for the crisis-ridden company to restart production lines for its key aircraft. Key Facts Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here .
Crucial Quote President Joe Biden congratulated the union for securing the agreement and said: “Over the last four years, we’ve shown collective bargaining works. Good contracts benefit workers, businesses, and consumers—and are key to growing the American economy from the middle out and the bottom up.” Big Number 33,000.
That is the number of Boeing’s factory workers from the Pacific Northwest area who were participating in the strike..
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Boeing Factory Workers Vote To Approve Latest Contract Offer And End 7-Week Strike
The approved contract offer includes a 38% raise over the next four years, a ratification bonus of $12,000 and expanded 401(k) contributions.