Boeing Workers End 101 Day Strike As 3,200 IAM Members Approve Contract

Benzinga

Boeing Defense workers in St. Louis voted to end their 101-day strike after approving a new five-year contract. The walkout had disrupted Air Force deliveries and production lines, with members accepting revised bonus terms to return to work.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Striking Boeing defense workers in the St. Louis area voted 68 percent in favor of a

00:07new five-year contract, ending a 101-day walkout.

00:12About 3,200 IAM District 837 members will begin returning to work as early as Sunday,

00:19according to Reuters.

00:20The strike disrupted deliveries to the U.S. Air Force and disrupted deliveries and production

00:25of trainers, munitions, and wing sections assembled by the workers.

00:30District 837 members pushed for higher bonuses and stronger retirement contributions, but

00:35Boeing refused to raise the overall value of its offer.

00:39On Monday, the company revised the structure of bonuses by raising upfront cash to $6,000

00:45and cutting $4,000 in later-term bonuses.

00:47IAM leaders said members stayed united for more than three months, while some workers

00:52said strike fatigue and the upcoming holidays influenced the vote.

00:56For all things money, visit Benzinga.com.

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