Boeing machinists end strike after approving labor contract with 38% raises
Boeing machinists approved a new labor deal Monday, ending a more than seven-week strike that halted most of the aircraft production at the company that was already struggling with mounting losses.
Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years and other improvements.
The approval is a relief for Boeing’s new CEO, Kelly Ortberg, who took the top job in August to steer the company through its safety and manufacturing...