financetom
Business
financetom
/
Business
/
Boeing Defense, union reach tentative deal to end strike in St. Louis area
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing Defense, union reach tentative deal to end strike in St. Louis area
Sep 10, 2025 1:12 PM

(Reuters) - Boeing Defense and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union officials announced on Wednesday.

A vote on Boeing's ( BA ) five-year contract offer is scheduled for Friday, according to the International Association of Machinists and Aerospace Workers (IAM).

IAM District 837's roughly 3,200 members, who assemble Boeing ( BA ) fighter jets, went on strike on August 4 after voting 67% to reject the company's last contract proposal.

"We've found a path forward on a five-year contract offer that grows wages by 45% on average," Boeing Defense Vice President Dan Gillian said in a statement. "It remains the best deal we've ever offered to IAM 837, and we encourage our team to vote yes so we can get back to work building amazing products for our customers." 

The previous offer would have increased compensation by 40% on average during its four-year duration, according to the company.

On September 4, Boeing ( BA ) announced plans to hire replacement workers. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Nio Plans to Launch One Onvo Brand Model per Year
Market Chatter: Nio Plans to Launch One Onvo Brand Model per Year
May 16, 2024
05:59 AM EDT, 05/16/2024 (MT Newswires) -- Nio (NIO) plans to launch one new model under its Onvo brand per year at prices similar to gasoline vehicles, Reuters reported Thursday, citing a statement from the company. The company reportedly said it expects the Onvo brand to boost its overall profitability when sales reach 20,000 units per month. Nio plans to...
Swedish court rejects Tesla appeal in licence plate case
Swedish court rejects Tesla appeal in licence plate case
May 16, 2024
OSLO (Reuters) - A Swedish appeals court upheld on Thursday a dismissal of Tesla's lawsuit against Sweden's Transport Agency in a conflict over licence plates, part of a wider dispute between the U.S. company and labour unions in the Nordic country. The electric vehicle maker faces a wave of union action in the Nordic region, backing Swedish IF Metall's mechanics...
Update: Cisco Systems Fiscal Q3 Non-GAAP EPS, Revenue Beat; Lifts Full-Year Sales Outlook; Shares Rise Premarket
Update: Cisco Systems Fiscal Q3 Non-GAAP EPS, Revenue Beat; Lifts Full-Year Sales Outlook; Shares Rise Premarket
May 16, 2024
05:53 AM EDT, 05/16/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Cisco Systems ( CSCO ) shares jumped 4.7% in premarket activity on Thursday after the company reported fiscal Q3 earnings and sales that beat market expectations while raising its full-year revenue guidance range. The company reported fiscal Q3 non-GAAP earnings late...
Exclusive-Chevron prepares for North Sea exit after more than 55 years
Exclusive-Chevron prepares for North Sea exit after more than 55 years
May 16, 2024
LONDON (Reuters) - Chevron ( CVX ) is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant's exit from the ageing basin after more than 55 years. The process comes as Chevron ( CVX ) prepares for the $53 billion acquisition of rival Hess...
Copyright 2023-2026 - www.financetom.com All Rights Reserved