Boeing Reaches New Deal With Union in Hopes of Ending Strike

Published On Oct 31, 2024, 7:05 PM

Boeing's largest union, representing 33,000 workers, is set to vote on a new contract after previous offers were rejected. The workers have been on strike since September 13, impacting Boeing's operations significantly. The latest contract proposal boasts a 43% wage increase over four years and includes a $12,000 signing bonus that can be allocated toward retirement plans. The union is urging its members to accept this offer to secure gains and avoid potentially worse terms in the future. They caution that rejecting this deal could lead to less favorable options later on.

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Stock Forecasts

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Positive

The outcome of the upcoming vote on the new contract will be critical for Boeing's operations and stock performance. If the workers accept the offer, it should lead to a resolution of the strike, allowing Boeing to resume full production capacity, which could positively impact their stock price. Conversely, if the proposal is rejected, the continuation of the strike could further harm Boeing's financial situation and investor sentiment, likely pushing the stock down. Given the current negotiations and union encouragement, I predict a positive outlook if the vote passes, but maintain caution for potential negative repercussions if it fails.

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