Boeing Increases General Wage By 30%, Boosts 401(K) Match To 100% Of First 8% Of Pay, And Raises Ratification Bonus To $6,000 In IAM Labor Negotiations
Portfolio Pulse from Benzinga Newsdesk
Boeing has agreed to increase general wages by 30%, enhance the 401(K) match to 100% of the first 8% of pay, and raise the ratification bonus to $6,000 as part of its labor negotiations with the International Association of Machinists (IAM).
September 23, 2024 | 6:04 pm
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Boeing has agreed to significant wage and benefits increases in its labor negotiations with the IAM, including a 30% wage hike, improved 401(K) match, and a $6,000 ratification bonus.
The increase in wages and benefits will likely raise Boeing's operational costs, which could negatively impact short-term profitability. This may lead to a short-term negative impact on Boeing's stock price as investors react to the increased expenses.
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