The strike began on September 13 after 94.6% of workers voted to reject a contract promising a 25% pay raise over four years, and 96% voted to approve the strike, surpassing the two-thirds threshold.[3]
The strike temporarily halted the production of Boeing's 737, 777 and 767 jets and their derivatives such as the U.S. Air Force KC-46 tanker and Navy P-8 maritime aircraft.[4][5] By October, the strike had cost Boeing an estimated $5 billion.[6]
Union members voted to end the strike on November 4 after a company offer of almost a 40% pay raise over four years and improved 401(k) benefits.[7]
Strike
On October 8, 2024, negotiations again collapsed, with no progress being made between representatives of Boeing and the striking workers.[8][9][10] Boeing Commercial Airplanes President and CEO Stephanie Pope released a statement claiming that the union "made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business."[8] A union representative also acknowledged that no progress was made in the recent talks.[10] On October 9, it was reported Boeing would even withdraw its contract offer for a 30% pay raise, with the strike putting the company's financial state under severe strain and even resulting in the threat of Boeing's S&P Global Ratings status being downgraded to junk.[10]
On October 10, Boeing filed an unfair labor practice charge with the National Labor Relations Board against the labor union with accusations that the leaders were not bargaining in good faith.[11]
On October 14, Boeing announced that the company would lay off thousands of workers.[12]
On October 19, Boeing reached a tentative deal to end the strike, offering 35% raises.[13] However, 64% of participating union members voted to reject the offer.[14]
On October 31, the union backed a new contract that would include 38% raises over 4 years and provide an option to the workers for either a one time ratification bonus of $12,000 or a $7,000 ratification bonus as well as a $5,000 401(k) contribution.[15]
On November 4, the strike came to an end after the voting on the new contract among the union members concludes with 59% approval.[16]
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