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

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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.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Vote Union Work Ortberg Contract According Company Strike Boeing Restore Workers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 16:19:15 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 762 words

Reading Time: 5 minutes read

Sentences: 29 lines

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News ID: 23427214

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