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CNBC
CNBC
2M ago 42 views

Boeing reaches tentative labor deal with striking defense workers

The IAM Union announced a tentative five-year agreement with Boeing for improved wages, following a strike by over 3,000 workers since August. Members will vote on the deal, which includes a signing bonus, on Friday. This strike marks the first in nearly 30 years for Boeing's defense workers, who primarily work on F-15 fighter jets and missile systems.
Boeing reaches tentative labor deal with striking defense workers
A What happened
The IAM Union announced a tentative five-year agreement with Boeing for improved wages, following a strike by over 3,000 workers since August. Members will vote on the deal, which includes a signing bonus, on Friday. This strike marks the first in nearly 30 years for Boeing's defense workers, who primarily work on F-15 fighter jets and missile systems.

Key insights

  • 1

    Tentative Agreement Details

    The agreement includes better wages and a signing bonus.

  • 2

    Strike Duration

    The strike has lasted since early August.

  • 3

    Voting Scheduled

    Union members will vote on the agreement this Friday.

Takeaways

The outcome of the vote will determine the future of the workers' contract with Boeing.

Read the full article on CNBC