Reported 25 days ago
Boeing shares surged nearly 4% after the company reached a tentative agreement with the International Association of Machinists to end a six-week strike. The plan includes a 38% wage increase over four years, adjusted bonuses, and improved healthcare, addressing significant financial losses of nearly $8 billion this year. The settlement could help stabilize Boeing's cash flow, which has been seriously impacted by the work stoppage and delivery issues.
Source: YAHOO