Reported 25 days ago
Boeing shares surged by 3.5% as the company presented a new contract proposal aimed at ending a seven-week strike by 33,000 machinists. The offer includes a 38% wage increase over four years and a $12,000 ratification bonus, but it falls short of the workers' request for a pension restoration. As workers prepare to vote, opinions are divided, with some eager to return to work while others seek a higher wage increase. The ongoing strike has significantly impacted Boeing's finances, notably halting production of key aircraft models.
Source: YAHOO