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Boeing and union reach a labor deal, potentially averting a strike - TL;DR CNBC

Boeing and union reach a labor deal, potentially averting a strike

Publishing timestamp: 2024-09-08 13:00:06


Summary

Boeing and its Seattle-area workers' union reached a labor deal that averts a strike, including 25% pay increases over four years. The agreement also secures a commitment from Boeing to build its next airplane in the Pacific Northwest. The workers still need to approve the deal, but it is seen as a win for the new CEO as the company navigates through safety and quality issues.


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Tickers: BA

Keywords: businessaerospace and defense industryboeing cobreaking news: marketstransportationmarketstravelbreaking news: businesslifebusiness newsairlines

Source: https://www.cnbc.com/2024/09/08/boeing-and-union-reach-a-labor-deal-potentially-averting-a-strike.html


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