Boeing Workers Approve Labor Contract, Ending A Bruising 7-week Strike

Unionized Boeing workers voted to accept a contract proposal after a seven-week strike.PATRICK T. FALLON/Getty ImagesUnionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike.The deal increases pay by 38% over four years and gives workers a bonus for ratifying the contract.A Bank of America analyst estimated Boeing lost about $50 million a day due to the strike.Boeing union workers approved a labor contract proposal on Monday that will increase pay by 38% over four years and end a seven-week strike.According to the International Association of Machinists and Aerospace Workers Local 751, 59% of employees voted yes to the proposal.

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