SEATTLE, Washington – Boeing has reached a tentative labor agreement with its production workers, which includes a significant 25% pay raise and a commitment to building a new plane. The aerospace company hopes that this deal will help avoid a potential strike, which would have disrupted production and delivery schedules.
The International Association of Machinists and Aerospace Workers (IAM), the union representing Boeing’s production workers, has agreed to the terms of the tentative contract. This agreement comes as a relief to both parties as negotiations have been ongoing for some time.
The decision to increase wages by 25% is seen as a significant win for the workers, who have been advocating for higher pay to keep up with the rising cost of living. In addition to the pay raise, Boeing has also committed to building a new plane, which will provide job security for workers in the coming years.
The tentative agreement between Boeing and IAM is a positive development for the aerospace industry as a whole. With this deal in place, both parties can now focus on production and innovation without the threat of a strike looming over their heads.
Overall, this labor deal demonstrates the importance of effective communication and negotiation between companies and their labor unions. By coming to a mutual agreement, Boeing and IAM have shown that collaboration and compromise can lead to positive outcomes for both workers and management.