Boeing union says approves contract, ending over 7-week strike

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Boeing union says approves contract, ending over 7-week strike - Channel News Asia

Quick Summary:

SEATTLE: Striking workers at Boeing approved a new contract proposal on Monday (Nov 4), ending a more than seven-week stoppage that had cost the beleaguered aviation giant billions.

Jo-Ellen Pozner, an associate professor at Santa Clara University's business school, had warned ahead of the vote that another rejection by IAM workers could have plunged the company into deeper crisis.

The strike recently surpassed the 2023 United Auto Workers strike against Detroit carmakers to become the costliest in the 21st Century, according to Anderson Economic Group, which estimated the total economic hit at US$11.6 billion.