Reported 25 days ago
Boeing shares increased following the endorsement of a new wage offer by union leaders, indicating progress towards ending a prolonged strike affecting jetliner production. The four-year contract proposal includes a 38% pay raise, a $12,000 signing bonus, and enhanced retirement savings, although it does not restore pensions for longtime employees. Union leaders warningly advised members to ratify the agreement, as further delays could jeopardize negotiations and lead to lesser offers. The strike, now in its eighth week, has caused significant economic losses, affecting not only Boeing but also its suppliers and the overall US economy.
Source: YAHOO