Boeing Strike Ends After 53 Days As Workers Accept Contract
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Boeing workers have ended a 53-day strike after accepting a new contract that includes a 38% raise over four years, increased 401(k) contributions, and a $7,000 ratification bonus.
November 05, 2024 | 12:30 pm
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Boeing's 53-day strike has ended with workers accepting a new contract. This resolution includes a 38% raise over four years, improved 401(k) contributions, and a $7,000 ratification bonus.
The end of the strike is likely to have a positive short-term impact on Boeing's stock price as it resolves labor issues, allowing production to resume and reducing uncertainty. The new contract terms, while increasing costs, also stabilize labor relations.
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