The International Association of Machinists and Aerospace Workers (IAM) has ratified a historic four-year contract with Boeing, securing a significant 43.65% compounded wage increase and a $12,000 ratification bonus for its members. This agreement, supported by the Biden administration, ends a nearly two-month strike across Washington, Oregon, and California, bringing relief to thousands of workers. The contract also includes enhanced retirement contributions and improved health benefits, setting a new standard for aerospace industry workers.
