Benzinga
  • 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.

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