Boeing has negotiated a contract extension to 2018 with its unionised workers in Winnipeg, Canada.
The contract, negotiated with the Canadian Automotive Workers union, includes a series of annual wage rises between 2014 and 2017, a one-time ratification bonus of $5,000 and pension improvements. It also includes a defined contribution pension plan for new hires starting in 2018.
The extension was voted in by union members on 20 January.
"This is great news for everyone," says Boeing Winnipeg general manager Kevin Bartelson. "As Boeing designs and introduces new airplanes to the market, we need to invest in our business and we want to do that where we have a stable and engaged workforce."
Boeing Winnipeg produces composite parts for the Boeing family of aircraft, and employs over 1600 people.