Published On Oct 31, 2024, 8:20 PM
Boeing has made a new pay offer to the striking workers that includes a 38% salary increase over the next four years, along with a $12,000 bonus if an agreement is reached. The IAM union endorses the proposal, and a vote among the 30,000 striking members is scheduled for November 4. Previous offers had been rejected, and the ongoing strike has significantly affected Boeing's production.
Positive
Boeing's new offer to its workers suggests a resolution to the ongoing strike which, if accepted, could stabilize production and improve the company's operational outlook. Investors are responding positively to this news, as indicated by the recent rise in Boeing's shares after the announcement.
Oct 31, 2024, 7:46 PM
(Bloomberg) -- Boeing Co. and union leaders representing 33,000 striking workers reached a tentative agreement to end a lengthy labor dispute that’s crippling the company’s commercial airplane manufacturing.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays Matchmaker to Tackl
Oct 31, 2024, 7:05 PM
The aerospace manufacturer’s largest union said it would put the contract to a vote on Monday by its 33,000 members, who rejected two earlier agreements.
Oct 31, 2024, 6:00 AM
The release of the October jobs report on Friday that will give American voters and the Fed's policymakers a last look at labor market data ahead of Election Day and the Fed meeting.