financetom
Business
financetom
/
Business
/
Boeing Defense, union reach tentative deal to end strike in St. Louis area
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing Defense, union reach tentative deal to end strike in St. Louis area
Sep 10, 2025 1:12 PM

(Reuters) - Boeing Defense and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union officials announced on Wednesday.

A vote on Boeing's ( BA ) five-year contract offer is scheduled for Friday, according to the International Association of Machinists and Aerospace Workers (IAM).

IAM District 837's roughly 3,200 members, who assemble Boeing ( BA ) fighter jets, went on strike on August 4 after voting 67% to reject the company's last contract proposal.

"We've found a path forward on a five-year contract offer that grows wages by 45% on average," Boeing Defense Vice President Dan Gillian said in a statement. "It remains the best deal we've ever offered to IAM 837, and we encourage our team to vote yes so we can get back to work building amazing products for our customers." 

The previous offer would have increased compensation by 40% on average during its four-year duration, according to the company.

On September 4, Boeing ( BA ) announced plans to hire replacement workers. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Global travel chaos has airlines scrambling after fire forces Heathrow shutdown
Global travel chaos has airlines scrambling after fire forces Heathrow shutdown
Mar 21, 2025
* Flights began to resume late on Friday * British Airways warns of 'huge impact' in coming days * Unclear who responsible for cost of disruption * Police say incident not being treated as suspicious LONDON, March 22 (Reuters) - The global travel industry was scrambling on Saturday to reroute passengers and fix battered airline schedules after a huge fire...
US transportation chief to unveil plan to upgrade air traffic control
US transportation chief to unveil plan to upgrade air traffic control
Mar 21, 2025
WASHINGTON (Reuters) -Transportation Secretary Sean Duffy will unveil a plan next week to upgrade the aging, under-staffed U.S. air traffic control system next week, he said on Friday. Duffy said earlier this month that he planned to ask Congress for tens of billions of dollars for a multi-year effort to revamp Federal Aviation Administration air traffic control infrastructure, including buying...
Carney says Canada aims to have free internal trade by July 1 amid US tariffs
Carney says Canada aims to have free internal trade by July 1 amid US tariffs
Mar 21, 2025
TORONTO (Reuters) - Canada aims to have free internal trade by removing barriers between provinces and territories by Canada Day on July 1, Prime Minister Mark Carney said on Friday following a meeting with provincial and territorial leaders as the country responds to U.S. tariffs. (Reporting by Ryan Patrick Jones and Costas Pitas) ...
Nu Holdings says CEO Velez to resume direct command over management
Nu Holdings says CEO Velez to resume direct command over management
Mar 21, 2025
March 21 (Reuters) - Nu Holdings Ltd ( NU ), which runs Brazilian digital lender Nubank, said on Friday that Chief Executive Officer David Velez will resume direct command over the company's management team to help streamline market and global operations. Since 2022, Nu Holdings's ( NU ) management has been reporting to Nubank's President and Chief Operating Officer Youssef...
Copyright 2023-2026 - www.financetom.com All Rights Reserved