By Geoffrey Thomas
Published Tue Nov 05 2024
Machinists at Boeing have voted to accept a revised offer and end a crippling seven-week strike, clearing the way for the aerospace giant to resume its production to clear a backlog of over 5,000 aircraft.
According to the International Association of Machinists and Aerospace Workers, almost 60% of the members who voted agreed on the deal which was Boeing’s fourth offer.
The deal hikes pay by 38% over four years and includes ratification and productivity bonuses.
Boeing CEO Kelly Ortberg said in a message to employees that "while the past few months have been difficult for all of us, we are all part of the same team. We will only move forward by listening and working together. There is much work ahead to return to the excellence that made Boeing an iconic company."
Now the company needs to get its 737-7 MAX and -10 MAX certified along with its 777X family as well as tick off a production ramp-up of its 737 MAX family to meet demand.
Boeing is raising about $25 billion to stave off a cash crunch.
