Boeing strike ends. Here's what it cost the company.
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Boeing's strike with machinists has ended as 33,000 workers are set to return after approving a new contract. The contract includes a 38% wage increase over four years, impacting Boeing's labor costs.
November 05, 2024 | 7:00 pm
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Boeing's machinists strike has concluded with a new contract that includes a 38% wage increase over four years. This resolution will see 33,000 workers return, potentially increasing Boeing's labor costs.
The end of the strike is positive for Boeing's operations as workers return, but the significant wage increase will raise labor costs, potentially impacting profitability in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100