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Boeing Workers End Seven-Week Strike After Securing 38% Pay Rise Deal

by THEFUTURE.TEAM

November 7, 2024

Boeing workers in the United States have voted to approve the company’s latest pay offer, effectively ending a seven-week strike that significantly disrupted operations at the aerospace giant.

The newly agreed contract will see workers receive a substantial 38% wage increase over the next four years, a victory for the International Association of Machinists and Aerospace Workers (IAM) union, which represents around 30,000 striking employees.

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With the agreement now in place, workers can begin returning to their jobs as early as Wednesday, but no later than November 12, according to the IAM. The strike, which started on September 13, had a considerable impact on Boeing’s factories, leading to a major slowdown in production and exacerbating ongoing challenges for the company.

The union confirmed that 59% of its members voted in favour of the new contract, which not only includes the pay raise but also offers a one-time $12,000 (£9,300) bonus and revisions to the workers’ retirement plans.

Jon Holden, the IAM leader, described the agreement as a win for the workers, saying, “Through this victory and the strike that made it possible, IAM members have taken a stand for respect and fair wages in the workplace.”

Initially, the union had demanded a 40% wage increase and rejected two earlier proposals from Boeing. Despite the difficult months leading to the agreement, Boeing’s CEO Kelly Ortberg expressed a unified sentiment, stating, “While the past few months have been difficult for all of us, we are all part of the same team,” and emphasized the company’s commitment to restoring its reputation for excellence.

The strike drew significant attention from the U.S. government, with acting U.S. Labor Secretary Julie Su visiting Seattle last month to assist in the negotiation process. The strike has cost Boeing nearly $10 billion, according to the Anderson Economic Group, contributing to Boeing’s financial challenges.

For the three months ending September, Boeing reported $4 billion in operating losses for its commercial aircraft business. In response, the company launched a $20 billion share sale and warned that prolonged disruptions could lead to credit rating downgrades, which would raise borrowing costs.

The company has also announced plans to lay off about 17,000 workers, with the first redundancy notices expected in mid-November. This marks the latest chapter in a difficult year for Boeing, which has already faced setbacks, including a mid-air failure involving one of its passenger planes and reputational damage to its space division following the aborted Starliner mission.

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EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.