It also includes a ratification bonus, as well as improved retirement and health care benefits, and overtime rules.
After seven weeks on strike, Boeing workers voted Monday to ratify a new contract that includes a 43.65% wage increase over four years — a significant improvement over the 25% increase that the aerospace giant offered in September.
Members of the International Association of Machinists and Aerospace Workers (IAM) Districts 751 and W24 approved the contract in a 59%-41% vote around two weeks after rejecting a tentative deal that called for a 35% pay increase over a four-year period.
The contract approved by workers also includes a $12,000 ratification bonus, improvements to retirement and healthcare benefits, and improved overtime rules.
“Strikes work,” labor journalist Kim Kelly wrote in response to the contract vote.
I think retirement benefits includes pension, no?
I read elsewhere that the pension was specifically not included, but the rest of the package sure sounds to me like a good deal in the headlines.
I know a Boeing employee, I’ll have to ask them about their take on it when I get a chance.