Boeing Engineers Approve 6-Year Pact, Avert Labor Showdown
- Contract provides 5% pay raise, includes severance guarantee
- Agreement is latest in planemaker's push for long-term accords
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Boeing Co. won’t face labor strife later this year after engineers and technical workers overwhelmingly approved a six-year contract extension that brings a salary boost and more job security.
The terms take effect immediately and extend to October 2022, the company said in a statement on its website. The tentative agreement was approved by 71 percent of union engineers and 73 percent of technical workers, the union said in an e-mailed statement late Wednesday.