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Boeing Stock Rises as Plane Maker Reaches Tentative Deal With Machinists
BoeingBoeing(US:BA) Investopedia·2024-10-22 02:06

Key Takeaways Boeing shares advanced Monday on word the plane maker and its machinists tentatively have agreed to a new contract, which could end the union's five-week strike. The proposal gives the union workers a 35% pay raise and $7,000 ratification bonus. The strike has crippled the company, which announced cost-cutting moves and took steps to raise cash as the walkout slashed production. Boeing (BA) shares advanced 3% Monday afternoon as the plane maker and its 33,000-member machinists union struck a t ...