• 3 months ago
Boeing and the International Association of Machinists and Aerospace Workers have reached a tentative labor agreement, averting a potential strike at its leading factories. The deal includes a 25% wage increase over four years and improvements in healthcare costs and retirement benefits. Boeing also committed to building its next airplane in the Pacific Northwest. This deal is seen as a win for CEO Kelly Ortberg, who has been focused on stabilizing the company amidst safety and quality issues.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Boeing and the International Association of Machinists and Aerospace Workers have reached
00:07a tentative labor agreement averting a potential strike at its leading factories.
00:11The deal includes a 25% wage increase over four years and improvements in health care
00:15costs and retirement benefits.
00:18Boeing also committed to building its next airplane in the Pacific Northwest.
00:22This deal is seen as a win for CEO Kelly Ortberg, who has been focused on stabilizing the company
00:27amidst safety and quality issues.
00:28For all things money, visit Benzinga.com.

Recommended

0:32
I
Up next
Boeing Strike Ends as Machinists Approve New Labor Deal With 38% Wage Hike
Benzinga
0:39
Boeing Workers Set to Vote on Labor Deal as Potential Strike Looms
Benzinga
0:43
Boeing Machinists Reject 35% Wage Increase, Extending Strike That Halts Aircraft Production
Benzinga
0:39
Boeing Union Rejects 'Best and Final' Pay Offer of 30% Wage Increase Amid Ongoing Strike.
Benzinga
0:39
Boeing Withdraws 30% Pay Raise Offer To Over 30,000 Striking Workers After Negotiations Reach An Impasse
Benzinga
0:31
Boeing Furloughs Thousands of Executives, Managers, and Staff Amid Massive Machinist Strike
Benzinga
0:35
Boeing Strike Could End as Union Endorses New Contract Offer. Workers To Vote On 38% Pay Raise.
Benzinga
0:36
Boeing workers strike after rejecting 25% pay rise, ignoring advice of CEO
euronews (in English)
1:10
Politicians join striking Boeing workers at union headquarters
Bangkok Post Group
0:42
Over 20,000 Boeing Union Machinists Rally for Higher Pay and Retirement Benefits, Vote Overwhelmingly to Authorize Potential Strike.
Benzinga
0:34
Boeing Strike Continues After Union Votes No
Cheddar News
0:39
Spirit AeroSystems Furloughs 700 Workers Amid Boeing Machinist Strike
Benzinga
0:37
Boeing to Issue Layoff Notices Amid Strikes, Cut 17,000 Jobs
Benzinga
0:45
Boeing To Cut 10% Of Workforce And Halt Wide-Body Airplane Until 2026 Amid Deepening Machinist Strike
Benzinga
0:39
Boeing CEO Dave Calhoun to Step Down Amid Management Shakeup, as Quality Issues Plague Company
Benzinga
0:38
Air Canada Averts Strike with Tentative Deal, Keeping Flights on Schedule
Benzinga
1:04
AWANI Tonight: Boeing workers end strike, accept new deal
AWANI
0:36
New Boeing CEO Robert Ortberg Steps Into Tackled Production Systems and Finances After Years of Crisis, Spends First Day on Factory Floor
Benzinga
0:39
Spirit AeroSystems May Cut Hundreds More Jobs as Boeing Strike Continues
Benzinga
1:30
Boeing CEO Dave Calhoun to Step Down
Wibbitz Top Stories
3:47
Striking employees discuss Boeing offer ahead of vote
The Manila Times
0:40
U.S. Port Strike Looms as ILA Plans First Coast-Wide Strike Since 1977
Benzinga
0:35
US Dockworkers' Strike Ends With Wage Deal, Contract Extended Until January 15, 2025 For Both Sides To Negotiate
Benzinga
2:17
Crew-8 astronauts undock in Dragon spacecraft from ISS
The Manila Times
0:38
Amazon Workers Vote To Strike Over Contract Talks
Benzinga