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Boeing and union leadership reach a deal to end the strike, but will the lack of a traditional pension kill it?

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Boeing and the leadership of its striking union have reached a deal to end the costly work stoppage that has brought plane production to a virtual standstill. However, the Wall Street Journal reported that the contract doesn’t include one of the workers’ key demands: the revival of a traditional pension plan that was frozen over a decade ago. Boeing’s failure to meet that condition resulted in the 33,000 striking members of the International Association of Machinists and Aerospace Workers rejecting the company’s second offer late last month, the Associated Press reported.

A resurrection seems unlikely. The company said the issue was

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