Boeing engineers and technical workers approve new contract, avoiding strike — SkimNews
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- SPEEA members approved a four-year contract with an immediate 10% ratification raise and annual raises of 4% (up to 6% based on merit); the professional unit voted 67.62% in favor, while the tech unit approved it 53.48% in favor
- Boeing sweetened its offer in mid-September after workers rejected an earlier proposal that featured only 3% annual raises
- The contract covers roughly 13,000 engineers and 4,000 technical workers, making it Boeing's largest white-collar union
- The deal averts a potential strike as Boeing pushes for federal approval of the 737 Max 10 and 777X, both years behind schedule
- The FAA is separately assessing a software issue on the 737 Max 10 that could affect landing procedures in certain scenarios
- A machinist strike two years ago previously halted Boeing production until both sides reached a deal
Why it matters: Boeing buys four years of labor peace with 17,000 white-collar workers at precisely the moment it needs to secure FAA certification for the 737 Max 10 and 777X and ramp up jet production. The immediate 10% raise plus 4-6% annual bumps lock in escalating labor costs during a period when Boeing's delivery and certification timelines are already stretched years behind schedule.
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