• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Boeing workers to vote on new proposal that could end strike

by October 21, 2024
written by October 21, 2024

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production.

The ratification vote is set for Wednesday.

The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts in an annual bonus program and higher 401(k) contributions among other changes.

Acting U.S. Secretary of Labor Julie Su met with both parties earlier this week.  “With the help of Acting U.S. Secretary of Labor Julie Su, we have received a negotiated proposal and resolution to end the strike, and it warrants presenting to the members and is worthy of your consideration,” the International Association of Machinists and Aerospace Workers District 751 said in a statement Saturday.

The strike began Sept. 13 after more than 30,000 machinists overwhelmingly rejected a tentative agreement that included 25% wage increases over four years. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated.

“We look forward to our employees voting on the negotiated proposal,” Boeing said in a statement.

Boeing is working to stop bleeding cash as it grapples with a safety crisis stemming from a near-catastrophic door plug blowout on one of its 737 Maxes at start the year and challenges in its other programs.

The company earlier this month said it will report a deep loss and take charges of about $5 billion in its commercial and defense units. A ratified contract on Wednesday, when Boeing also reports full results, would be a victory for new CEO Kelly Ortberg, who took the company’s top job in August, tasked with reshaping the company.

On Oct. 11, he announced job cuts of 10% of Boeing’s workforce and that the company will stop making 767s when orders are fulfilled in 2027.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
New report shows clear frontrunner in Harris, Trump campaign cash race
next post
Pentagon lacks counter-drone procedure leading to incursions like at Langley, experts say

related articles

Fox One streaming service to launch ahead of...

August 6, 2025

Murdoch to provide Trump health updates in deal...

August 6, 2025

U.S. farm agency allows six more states to...

August 5, 2025

Amazon lays off over 100 employees in Wondery...

August 5, 2025

All major Las Vegas Strip casinos are now...

August 5, 2025

Columbia Sportswear sues Columbia University, alleging trademark infringement

August 4, 2025

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

    May 6, 2025
  • China’s secret weapon in the space race is already hurting us

    November 27, 2024
  • Tesla stock surges 4% ahead of Q1 earnings: what to expect

    April 22, 2025
  • FBI Deputy Director Dan Bongino: James Comey ‘brought shame to the FBI again’ with ’86 47′ post

    May 18, 2025
  • GEMS VIP Coin: Revolutionising Blockchain Investment

    September 5, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,646)
  • Investing (634)
  • Stock (873)

Latest Posts

  • How digitally native companies like Rothy’s are growing profitably in a new era for retail

    February 25, 2025
  • This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    July 4, 2025
  • Vulnerable House Dem dodges question on VP Harris’ record as ‘border czar’: ‘Don’t know who Kamala Harris is’

    July 24, 2024

Recent Posts

  • Harris-Trump showdown: Presidential race rocked by 2nd assassination attempt with 50 days until election

    September 16, 2024
  • Bipartisan bill seeks to stop pharmacy middlemen from driving up drug costs for financial gain

    March 18, 2025
  • Top Republican warns families of ‘largest tax hike in history’ next year if Trump budget fails

    April 15, 2025

Editor’s Pick

  • House passes nearly $1 trillion defense spending bill, adding to US debt of $36 trillion

    December 12, 2024
  • Apparent AI mistakes force two judges to retract separate rulings

    July 31, 2025
  • GOP leaders find new major holiday deadline for Trump’s ‘big, beautiful bill’ amid Medicaid, tax divisions

    May 5, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock