Article

2024-10-19 Economy

Boeing reaches deal with union to end ongoing strike

[JTN] The union is expected to vote on the deal later this week.
Aerospace company Boeing and the leaders of its machinists union have reached a deal to end the ongoing strike that has stopped a majority of its production.

According to an exclusive report from The Wall Street Journal, Boeing is offering a 35% wage increase, which is a 10% increase from the original offer.

The union is expected to vote on the deal later this week. It announced the deal on Saturday, saying "it warrants presenting to the members and is worthy of your consideration."

The strike began last month and resulted in lots of production being stopped and many employees being laid off.

The last deal put forth was voted against by 95% of the union workers.

Posted by Frank G 2024-10-19 13:27|| || Front Page|| [11135 views ] Top

#1 A Pyrrhic victory given the overall future earnings trajectory.

Posted by NoMoreBS 2024-10-19 13:34|| 2024-10-19 13:34|| Front Page Top

#2 You can't say Union isn't cutting it's own throat.

Posted by Grom the Reflective 2024-10-19 13:37|| 2024-10-19 13:37|| Front Page Top

#3 Bet the success or Elon's folks put some fear into them and got them thinking that something is better than nothing.

Posted by alanc 2024-10-19 17:34|| 2024-10-19 17:34|| Front Page Top

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