Boeing reaches “historic” tentative agreement with machinists union

Boeing has reached a contract agreement with its largest union.

A last-minute deal reached at 2:30 a.m. Sunday will avert a strike this week, if ratified by the 33,000 members of the International Association of Machinists and Aerospace Workers.

The union’s leadership is recommending members accept the contract in a vote scheduled for Thursday.  Both the union and the company’s managers are calling the agreement “historic.”

It would give workers a 25% general wage increase over four years.  It would also provide average wage increases of 33%, due to seniority step increases.  The union’s initial demand was a 40% pay hike over three years.

Boeing has also promised to

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