Reported about 1 month ago
Boeing's shares jumped by 5% in premarket trading after the company reached a tentative deal with a union representing over 32,000 workers, potentially averting a strike. The proposed four-year contract includes a 25% wage increase but falls short of the union's 40% demand. Analysts noted while Boeing may find the financial terms acceptable, dissatisfaction may still arise among workers, who will vote on the contract and strike action on Thursday. This agreement is significant for Boeing's new CEO as the company seeks to regain investor confidence and stabilize production.
Source: YAHOO