Reported about 1 month ago
Boeing is poised to incur over $1 billion in wage-related expenses with its new labor contract proposal, which includes a 35% pay increase over four years and a $7,000 ratification bonus. After a month-long strike involving 33,000 workers, the proposal aims to restore production levels while its stock saw a 4% rise amidst hopes for resolution. Analysts are cautiously optimistic, noting that while the offer is an improvement, it still falls short of union demands for a 40% increase.
Source: YAHOO