Boeing Gains After Union Endorses Sweetened Offer to End Strike

MSN - 01/11
Boeing Co.’s shares rose after reaching a tentative agreement with union leaders representing 33,000 striking workers to end a lengthy labor dispute that’s crippling the company’s commercial airplane manufacturing.

(Bloomberg) -- Boeing Co.’s shares rose after reaching a tentative agreement with union leaders representing 33,000 striking workers to end a lengthy labor dispute that’s crippling the company’s commercial airplane manufacturing.

The company’s latest proposal would boost wages by 38% over four years and give workers a $12,000 signing bonus if it’s approved, the International Association of Machinists and Aerospace Workers said in a statement.

IAM District 751 urged its members to accept the offer and end the strike, warning they risked losing gains made through weeks of collective bargaining. The union...
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