In labor news, 27,000 workers at Boeing voted Saturday to end a fifty-three-day strike after securing a new four-year contract and a 15 percent pay raise over the life of the contract. The strike forced Boeing to close plants in Washington state, Oregon and Kansas. It is estimated that Boeing lost $100 million a day during the strike. Under the new contract, workers will receive pension improvements and lump sum payments. Their share of medical costs will remain unchanged.
Boeing Strike Ends After 53 Days
HeadlineNov 03, 2008