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Embattled Boeing workers have approved a wage deal, ending a bitter seven-week strike at their Seattle factory.
Around 30,000 employees of the American plane maker left on September 13, slowing aircraft production and plunging the company further into crisis.
The shutdown is estimated to have cost Boeing £77m a day in lost revenue, while last week the company tapped investors for £18.4bn, the largest sum ever raised by a US company.
Wage settlement: Around 30,000 Boeing employees left on September 13, slowing aircraft production and plunging the company further into crisis.
The mammoth fundraising came after warnings that the group could lose its investment grade credit rating, making borrowing more expensive and potentially exacerbating pressure on its finances.
But late Monday, the International Association of Machinists and Aerospace Workers (IAM) said 59 percent of striking Boeing workers had voted in favor of a new deal with the company and could return to work starting today. .
The deal includes a 38 per cent pay rise for workers over the next four years, as well as a one-off £9,220 bonus and changes to employees’ retirement plans. Boeing has also promised to build its new plane in the Seattle area.
“Although the last few months have been difficult for all of us, we are all part of the same team,” said Boeing boss Kelly Ortberg, in the job since August, after the union vote.
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