Boeing and Engineers' Union Initial Agreement

Boeing and its engineering union have reached a tentative agreement on a new four-year contract, which includes a 10% wage increase on October 16, followed by 4% raises and performance-based increases through 2030. This comes after union members rejected previous offers that were lower, with the last increase being only 3%, which was seen as insufficient to cope with the 4.5% inflation rate over the past year. If members approve, Boeing will avoid a strike that could impact 17,000 employees working in its professional and technical divisions, as their current contract expires on October 6. The agreement also includes improvements in working conditions, remote work policies, and limits on overtime, representing a step toward better wages and working conditions, according to the union.

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