Boeing workers are set to vote on a new labor contract on Thursday, which could lead to a strike if the deal is rejected. The tentative agreement offers a 25% wage increase, enhanced healthcare, and retirement benefits. Boeing also committed to build its next aircraft in Seattle. IAM initially sought a 40% raise, but the 25% increase aligns with recent labor agreements in other industries. If rejected, a strike could start at midnight on Friday, risking Boeing’s production ramp-up plans. CEO Kelly Ortberg urged workers to consider the company's future in their decision.
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00:00It's Benzinga, and here's what's on the block.
00:02Boeing workers are set to vote on a new labor contract on Thursday, which could lead to
00:07a strike if the deal is rejected.
00:09The tentative agreement offers a 25 percent wage increase, enhanced health care, and retirement
00:14benefits.
00:15Boeing also committed to build its next aircraft in Seattle.
00:18IAM initially sought a 40 percent raise, but the 25 percent increase aligns with recent
00:23labor agreements in other industries.
00:25If rejected, a strike could start on midnight on Friday, risking Boeing's production ramp-up
00:30plans.
00:31CEO Kelly Ortberg urged workers to consider the future of the company in their decision.
00:35For all things money, visit Benzinga.com.