Boeing union workers yesterday on the third try voted to end their seven-week strike. That’s according to CNN. 59% of members of the International Association of Machinists and Aerospace Workers approved the deal. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says the aerospace manufacturing giant has many more issues to grapple with on the ground and in the air…
The 33,000 union members will start returning to work tomorrow. They’ll get a raise of 13% immediately, and raises of 9% for each of the next two years, and another 7% in the fourth and final year of the contract. The deal did not give them their pension plan back, which they lost a decade ago.