It also includes a ratification bonus, as well as improved retirement and health care benefits, and overtime rules.
After seven weeks on strike, Boeing workers voted Monday to ratify a new contract that includes a 43.65% wage increase over four years — a significant improvement over the 25% increase that the aerospace giant offered in September.
Members of the International Association of Machinists and Aerospace Workers (IAM) Districts 751 and W24 approved the contract in a 59%-41% vote around two weeks after rejecting a tentative deal that called for a 35% pay increase over a four-year period.
The contract approved by workers also includes a $12,000 ratification bonus, improvements to retirement and healthcare benefits, and improved overtime rules.
“Strikes work,” labor journalist Kim Kelly wrote in response to the contract vote.
Wish it would have included pension. We really need to bring that back as a standard.
I think retirement benefits includes pension, no?
I read elsewhere that the pension was specifically not included, but the rest of the package sure sounds to me like a good deal in the headlines.
I know a Boeing employee, I’ll have to ask them about their take on it when I get a chance.