Boeing Has Labor Peace. That’s a Relief.
Boeing and the International Association of Machinists and Aerospace Workers Union have a tentative agreement to avoid a strike at the aircraft maker’s key Washington facilities. That should help the stock on Monday. On Sunday, Boeing announced it had reached a tentative agreement with the union covering some 33,000 workers in the Pacific Northwest, where the company builds 737 MAX and 777 jets. The existing labor contract expires on Sept. 12. Union membership will still have to ratify the new contract. “We have reached a tentative agreement with the union on a historic offer that takes care of you and your family,” said Boeing Commercial Airplanes CEO Stephanie Pope in a video message to employees. “The contract offer provides the largest-ever general wage increase, lower medical cost share to make healthcare more affordable, greater company contributions toward your retirement, and improvements for a better work-life balance.” The tentative agreement includes […]
Boeing Has Labor Peace. That’s a Relief. Read Post »