Boeing Union Approves New Contract, Ending Costly Strike

Boeing machinists reject new labor contract, extending more than 5-week strike

Boeing machinists walked off the job on Sept. 13 after overwhelmingly rejecting an earlier proposal.

Business - CNBC - October 24

Boeing Machinists Reject Contract, Extending Strike

The machinists’ union members voted against a new labor deal and will the extend six-week strike.

Business - The Wall Street Journal - October 23

Washington lawmakers press Boeing, union to resolve monthlong strike

Four Democratic lawmakers from the state of Washington this week urged Boeing and the union representing striking machinists around Seattle and Portland, Ore., to resolve the labor dispute. Around ...

Politics - The Hill - October 16

Boeing workers end bitter seven-week strike after clinching new pay deal

Two previous pay offers were voted down in walkout that halted most jet production and deepened a financial crisis at the troubled planemaker. Boeing’s US West Coast factory workers accepted a new ...

World - The Guardian - Yesterday

What a new labor contract could mean for Boeing

About 33,000 striking Boeing workers were voting Wednesday on whether to ratify a new contract with the embattled aircraft manufacturing giant. The four-year deal comes with a 35% pay hike, as well ...

Boeing Makes Another Offer to End Machinists Strike

The company is offering a 38% wage increase over four years in its latest proposal. That is up from its original offer of 25%, which was overwhelmingly rejected by a union local representing ...

Business - The Wall Street Journal - 5 days ago

Striking Boeing workers reject latest contract offer, work stoppage continues

Over 30,000 Boeing workers will remain on the picket line after voting no on the company's latest contract offer, extending their strike to 42 days. CBS News senior transportation correspondent ...

Why Boeing Workers Rejected a New Contract: Retirement Benefits

A large majority of more than 33,000 striking union members voted against a contract that included big raises but not the restoration of a frozen pension plan.

Business - The New York Times - October 25

Boeing is about to show a big quarterly loss as investors wait for the strike to end

If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”

Business - MarketWatch - October 23

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Boeing raises pay offer in bid to end seven-week strike

The union representing more than 30,000 striking workers endorsed the offer and will hold a ballot on Monday.

How Ending Boeing’s Strike Might Benefit Harris—and Hard-Hit Suppliers

The strikers’ union has urged members to accept Boeing’s new contract proposal. That would be great news for idled suppliers—and may give Kamala Harris’s presidential bid a boost in swing states.

Business - Inc. - 4 days ago

Boeing’s bonds are offering juicy yields as hopes build for end to machinists strike

Boeing’s stock rose Friday on hopes for an end to a costly strike as members of its machinists union geared up for a third contract vote on Monday, but its bonds were also looking attractive.

Business - MarketWatch - 3 days ago

Boeing machinists vote to end strike after 53 days

Boeing machinists voted Monday to end a strike that has hobbled the company for the past 53 days. The new contract includes a 38 percent wage increase over the next four years and a $12,000 ...

Politics - The Hill - Yesterday

Boeing strike ends as workers back 38% pay rise deal

The damaging walkout by around 30,000 unionised Boeing workers started on 13 September.

Boeing’s stock turns lower, as short-term technical boost fades after the open

Boeing’s stock reversed into the red on Tuesday, to erase a positive short-term technical signal, even after the aerospace giant’s unionized machinists voted to end the nearly two-month-long strike.

Business - MarketWatch - 16 hours ago

Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production

The plane maker plans to book $5 billion in charges on troubled programs and warns of a deeper quarterly loss amid machinists strike.

Business - The Wall Street Journal - October 11

Boeing’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms

As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were expected to vote on a new contract.

Business - The New York Times - October 23

Boeing strike may end if workers agree to 35% pay raise in upcoming vote

Workers for plane maker have been on strike for a month, adding woe to the struggling company’s many concerns. Boeing workers have tentatively scheduled a vote on a proposed labor deal that could ...

World - The Guardian - October 19

OBR expected markets to be ‘surprised by the budget’; markets brace for US election – business live

Rolling coverage of the latest economic and financial news. Associated British Foods, the owner of discount clothing chain Primark, has posted a 43% rise in pre-tax profits for the last year. . ...

World - The Guardian - 22 hours ago

Boeing’s stock fails to hold gains after strike ends, but bonds are holding up

Spreads on Boeing’s outstanding bonds are moving tighter on the day after workers voted to end a 53-day strike.