From CNBC: 2024-10-21 09:53:47

Boeing and its machinists’ union have reached a new contract proposal to end a monthlong strike. The deal includes 35% wage increases over four years, a $7,000 signing bonus, guaranteed minimum bonuses, and higher 401(k) contributions. The ratification vote is set for Wednesday. Acting Labor Secretary Julie Su helped broker the agreement. President Biden supports the collective bargaining process. Boeing is facing financial challenges due to a safety crisis and job cuts.



Read more at CNBC: Boeing machinists to vote on new proposal that could end strike