Boeing reaches tentative labor deal with striking defense workers

CNBC
CNBC
3M ago
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The IAM Union announced a tentative five-year agreement with Boeing for improved wages, following a strike by over 3,000 workers since August. Members will vote on the deal, which includes a signing bonus, on Friday. This strike marks the first in nearly 30 years for Boeing's defense workers, who primarily work on F-15 fighter jets and missile systems.
Boeing reaches tentative labor deal with striking defense workers
A What happened
The IAM Union announced a tentative five-year agreement with Boeing for improved wages, following a strike by over 3,000 workers since August. Members will vote on the deal, which includes a signing bonus, on Friday. This strike marks the first in nearly 30 years for Boeing's defense workers, who primarily work on F-15 fighter jets and missile systems.

Key insights

  • 1

    Tentative Agreement Details: The agreement includes better wages and a signing bonus.

  • 2

    Strike Duration: The strike has lasted since early August.

  • 3

    Voting Scheduled: Union members will vote on the agreement this Friday.

Takeaways

The outcome of the vote will determine the future of the workers' contract with Boeing.

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