The White House,Statement from President Joe Biden on the Contract Between the International Association of Machinists and Boeing

President Biden Applauds Contract Agreement Between Boeing and the International Association of Machinists

November 5, 2024

Washington, DC – Today, President Joe Biden released a statement commending the agreement reached between Boeing and the International Association of Machinists (IAM). The contract, which was ratified by IAM members on November 4th, secures significant wage increases and benefits for workers.

“I am proud to congratulate the International Association of Machinists and Boeing on reaching a fair and equitable contract agreement,” said President Biden. “This agreement is a testament to the power of collective bargaining and the importance of valuing the contributions of hard-working Americans.”

The new contract includes a 16% wage increase over the next four years, enhanced retirement benefits, and improved healthcare coverage. It also includes a provision that will allow IAM members to participate in Boeing’s profit-sharing plan.

“This contract demonstrates our commitment to supporting American workers and investing in American infrastructure,” added President Biden. “Boeing is a vital employer in our country, and this agreement ensures that the company can continue to compete globally while providing good-paying jobs with benefits for our citizens.”

The IAM represents over 30,000 Boeing employees in the United States. The contract covers workers at Boeing plants in Washington, Oregon, California, Kansas, and South Carolina.

“We are grateful for the support of President Biden and the Biden-Harris Administration in helping us to secure this historic contract,” said IAM International President Robert Martinez Jr. “This agreement is a major victory for our members and for American manufacturing.”

Boeing is one of the largest aerospace manufacturers in the world, with a workforce of over 140,000 employees worldwide. The company has a long history of working with unions, and the IAM has represented Boeing workers for over 90 years.

The contract agreement between Boeing and the IAM is a positive development for workers, the company, and the American economy. It is a testament to the importance of collaboration and fair negotiations in the modern workforce.


Statement from President Joe Biden on the Contract Between the International Association of Machinists and Boeing

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