Boeing averts strike at St. Louis-area facilities that produce military aircraft after union approves contract (FOX Business)

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    Boeing averts strike at St. Louis-area facilities that produce military aircraft after union approves contract – By Paul Best (FOX Business) / Aug 3, 2022

    The machinists union said Boeing’s new offer features ‘critical improvements’ to retirement plans

    Boeing averted a strike at three St. Louis-area factories that produce military aircraft after 2,500 members of a machinists union approved a modified contract on Wednesday.

    The International Association of Machinists and Aerospace Workers District 837 rejected Boeing’s proposal last month, but approved a modified contract Wednesday that “features critical improvements to the company’s previous offer for retirement plans.”

    “Throughout negotiations, the committee worked diligently to educate the membership and bring back an improved offer from the company,” IAM District 837 President Tom Boelling said in a statement. “We have delivered an equitable contract that will secure the future for the members, their families and future generations.”

    Boeing said Wednesday that it looks forward to maintaining operations at the facilities, which produce military aircraft like the F-15, F-18 and T-7A trainer.

    CONTINUE > https://www.foxbusiness.com/economy/boeing-averts-strike-st-louis-facilities-military-aircraft-union-approves-contract

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