Boeing Factory Workers End Seven-Week Strike After Accepting 38% Pay Increase in New Contract

After a 53-day standoff, Boeing factory workers in Seattle voted to approve a new contract with a 38% wage increase over four years, ending a strike that halted production of the aerospace giant's bestselling aircraft. Approximately 59% of the International Association of Machinists and Aerospace Workers (IAM) members voted in favor of the company’s fourth contract offer, which includes ratification and productivity bonuses but stops short of reinstating the previously frozen pension plan.

The strike, which began on September 13, has cost Boeing an estimated $50 million per day and exacerbated financial challenges amid multiple federal investigations. Boeing CEO Kelly Ortberg lauded the new agreement, stating it paves the way for resuming operations and re-establishing the company's production momentum.

Despite the wage gains, reactions among union members were mixed. Some saw the offer as a victory, while others felt it did not fully address their demands. The contract also includes a $12,000 ratification bonus and retains a performance bonus.

Union leaders endorsed the offer, acknowledging the substantial improvements won through the strike and noting the decision was crucial to ensure job security amid Boeing’s ongoing financial difficulties.