USA Union: Agreement in principle reached in collective bargaining dispute at Boeing

SDA

19.10.2024 - 19:12

An event of the Boeing workforce on October 15 in Seattle. (archive picture)
An event of the Boeing workforce on October 15 in Seattle. (archive picture)
Keystone

According to the trade union, an agreement in principle has been reached in the wage dispute at US aircraft manufacturer Boeing, which has been going on for weeks. The IAM union announced on Saturday that the offer now negotiated was "worth considering".

Keystone-SDA

Several tens of thousands of Boeing employees went on strike in mid-September due to the dispute over a new collective agreement. The offer will be presented to the members for a vote next Wednesday, the industrial union announced on the online service X. It represents hundreds of thousands of employees in a variety of industries.

Boeing confirmed the agreement in principle and explained that the offer now on the table provides for a salary increase of 35 percent over a period of four years as well as a one-off bonus payment of 7,000 dollars.

Good news for Harris

The strike at Boeing in the Pacific Northwest region around the US metropolis of Seattle began on September 13, with around 33,000 employees walking off the job. The industrial action brought the assembly of Boeing 737 Max and 777 aircraft to a virtual standstill.

The management consultancy Anderson Economic Group estimated the costs caused by the strike on Friday at 7.6 billion dollars, 4.35 billion dollars of which for Boeing alone. However, the company is not only suffering financially because of the strike. Even before the industrial action, the aircraft manufacturer had numerous problems concerning the safety of its aircraft, among other things.

Two and a half weeks before the presidential election on November 5, the imminent end of the strike at the flagship company of the US aviation industry is good news for the incumbent government. Vice President Kamala Harris is running as the Democratic Party candidate against Republican ex-President Donald Trump, who is seen in the polls as having greater competence in economic policy.