33,000 Boeing Workers End Strike: No Pension in New Contract, but 401(k) Contribution Boost

Retirement plans were a hot button issue for union workers, but Boeing says pension plans are "prohibitively expensive."

By Lynn Cavanaugh | November 06, 2024 at 11:45 AM

While the 33,000 Boeing machinists did not end the strike on Monday with a renewed pension plan, the two-month strike did give them a boost to 401(k) contributions and their paychecks. The workers' strike, which halted airplane manufacturing at plants around the Northwest, ended with a 59 percent vote in approval of the contract offer from Boeing.

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Lost Pension Plan: A Hot-Button Issue for Striking Workers

By Lynn Cavanaugh | October 29, 2024

Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company's pension plan, which has been frozen since 2014.

Lost Pension Plan: A Hot-Button Issue for Striking Workers

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