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3 clusters · 8 sources · 30 days · First seen · Last updated

Boeing and SPEEA ratify four-year labor contract

Overview

Boeing engineers and technical specialists have ratified a new four-year contract with the Society of Professional Engineering Employees in Aerospace (SPEEA), successfully averting a potential strike that threatened the 777X certification program.

The ratified agreement includes an immediate 10% wage increase effective October 2, followed by a 4% increase in March 2027. For the years 2028 through 2030, the contract provides annual wage pools expected to be worth 6% each, with a guaranteed minimum floor of 4%. SPEEA projects these terms will result in an estimated average compound gain of approximately 32% over the four-year duration.

In addition to compensation, the package updates work-from-home policies, implements overtime limits for the professional unit, increases 401(k) contributions for younger employees, and establishes caps on mandatory overtime. The deal passed with 67.62% approval from the professional unit, while the technical unit approved the contract with a 53.48% margin.

Entities

Boeing · SPEEA · Kelly Ortberg · Society of Professional Engineering Employees in Aerospace · Ben Niemengast

Timeline

  1. [BUSINESS] 4 sources
    Boeing engineers ratify four-year contract, averting strike

    Boeing engineers have ratified a four-year contract with SPEEA, securing significant wage increases and avoiding a strike that threatened the 777X certification program.

  2. [BUSINESS] 2 sources
    Boeing engineers and technicians union recommends approval of new contracts

    SPEEA bargaining councils have recommended that Boeing engineers and technicians approve two new contract offers, with voting set to begin this Thursday to avoid potential strike action.

  3. [BUSINESS] 2 sources
    Boeing reaches preliminary wage agreement with SPEEA engineers

    Boeing and the SPEEA union have reached a preliminary labor agreement featuring guaranteed wage increases through 2030 to prevent potential strikes and stabilize its technical workforce.

Sources

boardingarea.com · formosadeportiva.com.ar · heraldnet.com · leehamnews.com · liveandletsfly.com · sbctv.gr · sky-budget.com · sofokleousin.gr

This summary has been updated 1 time: see revision history