Boeing Union Says It Will Vote on New Proposal to End Strike
Published On Oct 19, 2024, 11:30 AM
Boeing's largest union has reached a proposed deal to end a prolonged strike involving over 33,000 workers, which began on September 13. The agreement includes a 35% raise over four years and a one-time bonus of $7,000 if ratified. The union will vote on the proposal this Wednesday. Boeing has faced significant financial challenges during the strike, announcing cost-cutting measures that included furloughs of white-collar employees due to a decline in production.
Stock Forecasts
BA
Positive
The ratification of the contract would potentially stabilize Boeing's operations and restore production levels, which could lead to improved revenue and stock performance. However, the financial strain from previous production delays and existing debts may still weigh on the company's overall outlook in the short term.
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