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November 3, 2008

Boeing Strike Ends After 53 Days
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In labor news, 27,000 workers at Boeing voted Saturday to end a
fifty-three-day strike after securing a new four-year contract and a 15
percent pay raise over the life of the contract. The strike forced
Boeing to close plants in Washington state, Oregon and Kansas. It is
estimated that Boeing lost $100 million a day during the strike. Under
the new contract, workers will receive pension improvements and lump sum
payments. Their share of medical costs will remain unchanged.



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