Boeing's Striking Workers' Union Endorses Latest Offer to Raise Wages by 38%-March 2024-www.financetom.com

Boeing's Striking Workers' Union Endorses Latest Offer to Raise Wages by 38%

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Boeing's Striking Workers' Union Endorses Latest Offer to Raise Wages by 38%

Nov 4, 2024 11:53 AM

05:25 AM EDT, 11/01/2024 (MT Newswires) -- Boeing Company ( BA ) reached a tentative agreement with union leaders representing 33,000 workers on strike since almost two months over wage disputes, multiple media outlets reported Thursday citing the International Association of Machinists and Aerospace Workers.

If approved, the company's latest proposal will increase wages by 38% over four years and give workers a $12,000 signing bonus, according to the reports.

IAM District 751 urged its members to accept the Boeing ( BA ) offer and end the strike, the media outlets said.

Boeing ( BA ) said it encourages all its employees to learn more about the improved offer and vote on Nov. 4.

Price: 154.19, Change: -0.10, Percent Change: -0.06

Previous page： Fearing 'endless loop' of mistrials, judge tosses Uber driver classification case Next page： Spin Master Reports Lower Q2 Adjusted Profit, CFO to Retire Next Year

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.

Show More Comments

Related Articles >

Fearing 'endless loop' of mistrials, judge tosses Uber driver classification case

Jul 30, 2024

July 30 (Reuters) - A federal judge in Philadelphia on Tuesday dismissed a long-running lawsuit accusing Uber Technologies ( UBER ) of misclassifying drivers as independent contractors rather than its employees, saying a third trial would be futile after two separate juries deadlocked. The decision by U.S. District Judge Michael Baylson comes after a pair of six-day trials in March...

Spin Master Reports Lower Q2 Adjusted Profit, CFO to Retire Next Year

Jul 30, 2024

05:38 PM EDT, 07/30/2024 (MT Newswires) -- Spin Master ( SNMSF ) reported a sharply lower second quarter adjusted profit. The toy company said adjusted income fell 39.2% to $9.6 million, or $0.09 per share, from $48.8 million, or $0.45, last year. Revenue fell 8.7% to $412 million, from $420.7 million in the prior-year period. Our second quarter revenue was...

Advanced Energy Industries Q2 Earnings, Revenue Fall; Q3 Guidance Set

Jul 30, 2024

05:39 PM EDT, 07/30/2024 (MT Newswires) -- Advanced Energy Industries ( AEIS ) reported Q2 non-GAAP earnings Tuesday of $0.85 per share, down from $1.11 a year earlier. Analysts polled by Capital IQ expected $0.71. Revenue for the quarter ended June 30 was $364.95 million, down from $415.51 million a year ago. Analysts surveyed by Capital IQ expected $350.5 million....

Kadant Q2 Adjusted Earnings, Revenue Rise; Full-Year Outlook Revised -- Shares Fall After Hours

Jul 30, 2024

05:36 PM EDT, 07/30/2024 (MT Newswires) -- Kadant ( KAI ) reported Q2 adjusted earnings late Tuesday of $2.81 per diluted share, up from $2.54 a year earlier. Four analysts polled by Capital IQ expected $2.43. Revenue for the quarter ended June 29 rose to $274.8 million from $245.1 million a year earlier. Four analysts surveyed by Capital IQ expected...