3 Nov 2008

Machinists return to work at Boeing

10:48 am on 3 November 2008

Machinists at the US aircraft maker Boeing have voted to end a long-running strike and to return to work.

Union members voted by 74% in favour of a four-year deal, and will now start work again from this Sunday.

The dispute centred on pay and job cuts. The union said more than 5,000 jobs would now be protected.

The eight-week strike cost Boeing an estimated $US100 million per day in lost income and delayed delivery of its long-awaited 787 airliner.

The strikers have lost about $US7,000 each in wages. The strike was their longest since 1995.

Last week Boeing announced a 38% fall in its net profits for the third quarter, due to the strike and previously announced delays to production of the 787 airliner.

Boeing has said it hopes it will take less than two months to return to its previous production levels.