Boeing Strike Ends with Workers Accepting 38% Pay Increase

Boeing workers have ended a seven-week strike after accepting a new contract offering a 38% pay rise over four years, a $12,000 bonus, and changes to retirement plans. The walkout, involving around 30,000 workers, significantly impacted Boeing's operations and finances, costing the company nearly $10 billion. The agreement was reached after two previous offers were rejected, and the strike drew attention from the White House, with acting US Labor Secretary Julie Su involved in negotiations. Boeing is also dealing with financial challenges, including operating losses and potential credit downgrades.