Reported 20 days ago
Boeing's U.S. West Coast factory workers voted 59% in favor of a new contract, concluding a seven-week strike that disrupted jet production and caused financial strain for the company. The new agreement includes a 38% pay increase over four years, while the workers will not regain a previous pension but will receive increased 401(k) contributions. The strike, which was the largest in 16 years, cost Boeing approximately $100 million daily in lost revenue and has led to challenges in resuming production at pre-strike levels.
Source: YAHOO