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<ul class="summary-list"><li>Striking Boeing workers voted in favor of a 38% pay rise.</li><li>The latest big victory for US labor unions could inspire others despite the tense process.</li></ul>After seven weeks and billions of dollars in expected losses for the company, the <a target="_blank" class="" href="https://www.businessinsider.com/boeing-strike-rising-tension-complaint-union-nlrb-2024-10">strike at Boeing</a> is over.Members of the International Association of Machinists and Aerospace Workers voted in favor of a <a target="_blank" class="" href="https://www.businessinsider.com/boeing-workers-approve-labor-contract-end-strike-2024-11">contract that includes a 38% general wage</a> increase over four years and a $12,000 ratification bonus."For many frontline Boeing workers in the IAM Union, the terms of this contract will be life-changing," said Gary R. Allen, general vice president of IAM Western Territory.Boeing said the average pay for machinists, currently $75,608, would rise to $119,309 by the end of the contract. The 38% wage increase compounds to around 43% over the term of the deal.The machinists' victory is the latest to highlight the power of labor unions in the US.Last year, the Teamsters secured a deal that would see the average <a target="_blank" class="" href="https://www.businessinsider.com/tech-workers-comments-170k-ups-driver-deal-anger-admiration-2023-8">UPS driver make about $170,000</a> in annual pay and benefits. Then, the <a target="_blank" class="" href="https://www.businessinsider.com/ford-uaw-strike-deal-workers-sometimes-get-what-they-want-2023-10">United Auto Workers union</a> took on all the US' big three automakers simultaneously for the first time, securing a 25% pay rise."Over the last four years, we've shown collective bargaining works," President Joe Biden said in a Monday statement. "Good contracts benefit workers, businesses, and consumers — and are key to growing the American economy from the middle out and the bottom up."It has been a tense road for the roughly 33,000 unionized Boeing workers who began their strike on September 13. The strike started after the union's members overwhelmingly voted down Boeing's first offer of a 25% pay increase.<a target="_blank" class="" href="https://www.businessinsider.com/boeing-strike-negotiations-union-leaders-break-down-after-two-days-2024-10">Negotiations later fell apart</a>, before each side lodged complaints with the National Labor Relations Board, accusing the other of bargaining in bad faith.Acting US <a target="_blank" class="" href="https://www.businessinsider.com/boeing-strike-us-labor-secretary-traveled-julie-su-negotiate-union-2024-10">Labor Secretary Julie Su flew to Seattle</a> to help mediate discussions, leading to the accepted offer.The union didn't win a return to the <a target="_blank" class="" href="https://www.businessinsider.com/boeing-terrible-24-hours-turnaround-analysts-union-vote-production-backlog-2024-10">traditional pension plan</a> lost in 2014 negotiations — a key point for many on the picket lines — but did secure numerous improvements to the 401(k) plan.Despite the arduous process and heated negotiations, it resulted in another strong pay rise for union members. That may only grow more common as workers find inspiration from others' victories, something noted by the president of the Boeing union."A contract like this sends an inspiring message to all workers in the United States who are seeking to join unions or who have been shortchanged by their employer," said IAM International President Brian Bryant.

Boeing machinists' bumper pay packet is just the latest win for unionized workers

The <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword> has scrapped the <keyword id="19930589" type="General" weightage="20" keywordseo="auction" source="keywords">auction</keyword> of three critical <keyword id="19999692" type="General" weightage="20" keywordseo="mineral-blocks" source="keywords">mineral blocks</keyword>, including a <keyword id="19973461" type="General" weightage="20" keywordseo="lithium" source="keywords">lithium</keyword> mine in <keyword id="19900657" type="General" weightage="20" keywordseo="Jammu-and-Kashmir" source="keywords">Jammu and Kashmir</keyword>, under the third tranche of sale of mines due to a lower-than-required number of bidders. The <keyword id="19930589" type="General" weightage="20" keywordseo="auction" source="keywords">auction</keyword> is a part of the <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword>'s push towards <keyword id="22575422" type="General" weightage="20" keywordseo="cleaner-alternatives" source="keywords">cleaner alternatives</keyword> and <keyword id="19922488" type="General" weightage="20" keywordseo="self-reliance" source="keywords">self-reliance</keyword> in critical mineral supplies. The three blocks are Salal-Haimna <keyword id="19973461" type="General" weightage="20" keywordseo="lithium" source="keywords">Lithium</keyword>, Titanium and Bauxite (Aluminous Laterite) Block in <keyword id="19900657" type="General" weightage="20" keywordseo="Jammu-and-Kashmir" source="keywords">Jammu and Kashmir</keyword>, Muskaniya-Gareriatola-Barwari Potash block in Jharkhand and Kurunjakulam Graphite block in Tamil Nadu. The auction was annulled as the "required number of bids as per the mineral auction rules have not been received", according to a notice by the <keyword id="19999695" type="General" weightage="20" keywordseo="Mines-Ministry" source="keywords" meta.keywordsubtype="org" meta.entityname="Mines Ministry" meta.hostid="153" meta.entityid="Mines Ministry">Mines Ministry</keyword>. The ministry, on March 14, put on sale seven critical <keyword id="19999692" type="General" weightage="20" keywordseo="mineral-blocks" source="keywords">mineral blocks</keyword> in the third round of auction. The blocks that received less than three bids in the first tranche were notified under this round. These seven blocks pertain to <keyword id="19978839" type="General" weightage="100" keywordseo="critical-minerals" source="keywords">critical minerals</keyword> such as Glauconite, Graphite, Nickel, PGE, Potash, Lithium, and Titanium and are spread across the states of Bihar, Jharkhand, Tamil Nadu, Uttar Pradesh and the Union Territory of Jammu and Kashmir. Last month, the government cancelled the auction of 14 blocks of <keyword id="19978839" type="General" weightage="100" keywordseo="critical-minerals" source="keywords">critical minerals</keyword> launched in the second tranche. In the first tranche of sale, the Centre had cancelled the auction for 13 of the 20 blocks put on sale due to a lukewarm response. The Centre last month launched the fourth round of auctions of critical and strategic mineral blocks offering 21 mines in several states including Arunachal Pradesh, Chhattisgarh, Jharkhand, Karnataka, Rajasthan, Maharashtra and Uttar Pradesh. Out of these 21 blocks, 11 are new, spanning Arunachal Pradesh, Chhattisgarh, Jharkhand, Karnataka, Rajasthan and Uttar Pradesh. These blocks contain a variety of minerals including Graphite, Glauconite, Phosphorite, Potash, Nickel, PGE, <keyword id="22575423" type="General" weightage="20" keywordseo="phosphate-and-rare-earth-elements" source="keywords">Phosphate and Rare Earth Elements</keyword> (REE).

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Boeing machinists' bumper pay packet is just the latest win for unionized workers

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Govt scraps auction of 3 critical mineral blocks, including J&K lithium mine

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