CNBC-TV18.com
By Vivek Dubey
Published Nov 05, 2024
Representing Boeing’s US West Coast workers, the International Association of Machinists and Aerospace Workers (IAM) is North America’s biggest aerospace union. It has led Boeing strikes since its 1930s inception.
On Monday, workers approved a new contract, ending a seven-week strike that severely disrupted Boeing’s jet production and impacted its financial stability.
The vote, with 59% in favour, resolved two previously rejected offers. The new deal brings stability after weeks of worker-management tension.
The four-year contract provides a 38% pay increase, reducing stress on Boeing’s leadership and marking a major gain for the workforce.
IAM records reveal Boeing workers have struck eight times since the 1930s, highlighting a long history of negotiating for better terms.
The longest strike in 1948 lasted 140 days over seniority and union membership issues, setting a precedent for future demands.
A 19-day strike in 1965 improved seniority rules, grievances, and dependent medical coverage, establishing key worker protections.
After a 45-day walkout in 1977, workers secured better pension and retiree medical coverage, strengthening post-retirement support.
Workers achieved overtime improvements after a 48-day strike in 1989, reflecting concerns over excessive hours and fair compensation.
A 69-day strike in 1995 led to changes in pensions, job security, and layoff benefits, addressing economic uncertainty for workers.
A 57-day strike in 2008 led to better healthcare and pensions, emphasising long-term support for Boeing’s workforce and retirees.