Boeing’s news release added that the average annual machinist pay at the end of this 4-year contract will be $119,309 if the offer is accepted. That would be an increase of about $43,700 from ...

The Boeing machinist union strike ended Monday night after 59% of voting workers decided to accept the company’s latest offer. The union reported the development Monday night in a post published ...

Boeing Machinist Strike Adds Cash Crunch to New CEO’s Rescue Mission. Ratings firms are warning that a prolonged work stoppage could sink the jet maker’s debt into junk status. By .

New machinist union president discusses Spirit workers’ thoughts on upcoming transition by: Derek Lytle, Carina Branson. Posted: Jul 15, 2024 / 06:44 PM CDT.

Boeing cited the machinist work stoppage and charges on commercial and defense programs as contributing factors to the losses. Commercial Airplanes revenue dropped 5%, with deliveries down 10%.

Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees ...

How Much Does a Machinist Make? Machinists made a median salary of $50,840 in 2023. The best-paid 25% made $62,860 that year, while the lowest-paid 25% made $43,680. Salary Outlook.

Boeing said it plans to cut its workforce by about 10%, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch.. The reductions will ...

About 298,000 people held machinist roles in 2023, according to the BLS. Of these, 35% worked in fabricated metal product manufacturing; 19% in machinery manufacturing; ...

A distinct way to address the machinist shortage is to automate portions of the process. Semi-automated solutions require human involvement but take over the repetitive or error-prone tasks. As a ...