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Boeing’s seven-week labor strike may finally see a resolution as over 33,000 West Coast workers prepare to vote on a new contract Monday. The latest proposal, endorsed by the International Association of Machinists and Aerospace Workers (IAM), includes a 38% wage increase over four years and a $12,000 signing bonus, addressing key demands in a dispute that has disrupted Boeing’s production and finances.

This vote follows a series of rejections: an initial offer of 25% raises was declined by 95% of workers, and a second proposal with 35% raises was also dismissed by 64% of the membership. The union’s endorsement of this latest offer signals that Boeing’s financial position, particularly following a $6.2 billion third-quarter loss, has likely limited further concessions.

CEO Kelly Ortberg, who took the helm amid this labor crisis, has been vocal about the need for a “cultural reset” at Boeing, emphasizing quality and safety improvements to restore trust and prevent further workforce alienation. Ortberg’s efforts align with the Biden administration’s labor stance; Acting Labor Secretary Julie Su praised both sides for their negotiating efforts, and President Biden lauded the union’s dedication.

However, some union members remain divided over unresolved issues, particularly regarding pensions eliminated a decade ago. While Boeing’s proposal allows workers flexibility in allocating the signing bonus to 401(k) contributions, many workers feel the absence of a traditional pension remains a sticking point. This disagreement suggests the vote could be close, with workers weighing the benefits of the new offer against their long-term financial security.

If approved, the deal would not only stabilize Boeing’s workforce but also relieve the broader aerospace industry, where suppliers and airlines have been impacted by production delays. As the company eyes recovery, an agreement would allow Boeing to resume production of high-demand models like the 737 MAX, gradually mending its strained relationship with workers and customers alike.

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