Boeing machinists end strike after approving labor contract with 38% raises

Boeing machinists approved a new labor deal Monday, ending a costly seven-week strike that halted most of the company’s aircraft production, worsening its mounting losses. Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years and other improvements. The approval is a relief for Boeing’s new CEO, Kelly Ortberg, who took the top job in August to steer the company through its safety and manufacturing crises.