Boeing Engineers Approve New Contract with Immediate Raises

Boeing engineers and technical workers have approved a new four-year contract that includes immediate 10% raises, avoiding the threat of a strike after initially rejecting an earlier proposal. The Society of Professional Engineering Employees in Aerospace (SPEEA), representing around 17,000 employees, praised the agreement as securing significant gains thought to be unattainable at the start of negotiations. The deal follows Boeing sweetening its offer in mid-September after initial rejections from workers. The union is Boeing's largest white-collar group and plays a critical role in aircraft development and production. With this resolution, Boeing can continue operations without disruption as it works toward federal approval for new aircraft models.

By Leslie Josephs · CNBC ·

Boeing Engineers Approve New Contract with Immediate Raises

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Topics: Boeing contract approval engineers and technical workers strike avoidance

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