Boeing Nears Deal with Engineering Union After Initial Rejection

Boeing and its engineering union, SPEEA, have reached a tentative contract agreement after union members rejected the initial proposal. The latest offer includes significantly higher wage increases and revised work-from-home policies.

The deal benefits approximately 17,000 union members, who will receive a 10% wage hike this year, with additional raises extending through 2030. The contract addresses overtime policies based on feedback from union surveys.

The contract's expiration date is October 6, and failure to finalize the deal could result in a strike. This highlights the urgency for both parties to reach a resolution, particularly considering the certification of Boeing's delayed 737 MAX 10 and 777-9 jets.