Striking machinists at Boeing will vote on October 23, 2024, on a new contract proposal that could end a costly five-week strike, the company and the union announced on October 19, 2024.

The proposal includes a 35% pay hike over four years, a $7,000 ratification bonus, and enhanced retirement contributions, including a one-time $5,000 payment. However, the Machinists Retirement Savings Plan (MRSP) has been removed from the latest offer.

The International Association of Machinists and Aerospace Workers (IAM) Local 751, which represents around 33,000 unionized Boeing workers primarily in Washington state, credited Acting US Secretary of Labor Julie Su for assisting in the negotiations.

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