Boeing, Union Reach Deal to End Strike

New Agreement Includes Pay Raises, Benefits Enhancements

Production to Resume Next Week

After a two-week strike, Boeing and the machinists union District 751 have reached a tentative agreement that will put an end to the labor dispute.

The new agreement, which still needs to be ratified by the union membership, includes pay raises and benefits enhancements for the more than 2,500 machinists who work at Boeing's Everett and Frederickson plants in Washington state.

The strike, which began on Feb. 26, had a significant impact on Boeing's production, forcing the company to halt production of its 737 and 777 aircraft.

The new agreement includes a 10% pay raise over three years, as well as increases in pension and health care benefits.

Production is expected to resume next week, and Boeing said it is working to catch up on the production backlog.

Key Points of the New Agreement

• 10% pay raise over three years
• Increased pension benefits
• Enhanced health care benefits

Impact of the Strike

The strike had a significant impact on Boeing's production, forcing the company to halt production of its 737 and 777 aircraft.

The strike also caused financial losses for the company, with Boeing estimating that it lost about $1 billion in revenue during the two-week walkout.

Analysts Weigh In

Analysts say the new agreement is a positive development for both Boeing and the union.

"This agreement is a win-win for both sides," said one analyst. "Boeing gets its workers back on the job, and the union members get a fair contract."

Another analyst said the agreement could help Boeing to avoid future strikes.

"This agreement could help Boeing to avoid future strikes by showing its employees that it is willing to negotiate in good faith," the analyst said.