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Boeing Announces Historic Contract Offer and Tentative Agreement with IAM Districts 751 & W24

Boeing Commercial Airplanes President and CEO Stephanie Pope shared the following in a video message to employees:

“We've heard what’s important to you for the new contract. And we have reached a tentative agreement with the union on a historic offer that takes care of you and your family. The contract offer provides the largest-ever general wage increase, lower medical cost share to make healthcare more affordable, greater company contributions toward your retirement, and improvements for a better work-life balance.

Just as important, this contract deepens our commitment to the Pacific Northwest. Boeing’s roots are here in Washington. It is where generations of workers have built incredible airplanes that connect the world. And it’s why we’re excited that, as part of the contract, our team in the Puget Sound region will build Boeing’s next new airplane. This would go along with our other flagship models, meaning job security for generations to come. It’s a big commitment to you and to our community.”

SEATTLE, Sept. 8, 2024 — Boeing [NYSE: BA] has reached a historic tentative agreement with IAM Districts 751 and W24, representing over 33,000 employees. This new contract offer is set to provide significant benefits and improvements for Boeing’s workforce.

Key Highlights:

  • Largest Wage Increase: The contract includes the largest general wage increase in Boeing's history.
  • Improved Healthcare: It lowers medical cost shares, making healthcare more affordable for employees.
  • Enhanced Retirement Benefits: Greater company contributions toward retirement plans.
  • Better Work-Life Balance: Improvements aimed at fostering a better work-life balance.

Commitment to the Community: Boeing's commitment extends beyond the contract itself. The agreement highlights a substantial investment in the Pacific Northwest, with plans for the Puget Sound region to be the site for the next new Boeing airplane model, ensuring long-term job security and community impact.

Workforce Details: IAM District 751 primarily represents employees in Washington, with IAM W24 covering Portland, Oregon, and a small group in California. The bargaining unit includes workers in various Boeing sectors, including Commercial Airplanes, Defense, Space & Security, and Global Services.

This agreement marks the first comprehensive negotiation between Boeing and IAM 751 & W24 in 16 years, following contract extensions in 2011 and 2014, and a current 8-year extension that began in 2016.

For more information, visit Boeing’s IAM 2024 page.

What is IAM Districts 751 & W24

#Hashtags

#AirspaceNews #BoeingAgreement #IAM751 #IAMW24 #HistoricContract #BoeingWageIncrease #AffordableHealthcare #RetirementBenefits #WorkLifeBalance #PacificNorthwestCommitment #PugetSoundJobs #BoeingFuture #UnionVictory #BoeingNews #AerospaceUnion #EmployeeBenefits #BoeingEmployees #IAMAW #BoeingAndIAM #ContractHighlights #Boeing2024

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