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Labor Issues

BA

Boeing's machinist union in Seattle has ended a nearly two-month strike after approving a new contract with a 38% raise over four years and bonuses. The workers will return to work following the agreement.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing's unionized machinists have voted to accept a contract offer, ending a strike that lasted over seven weeks. This decision allows Boeing to resume production of its bestselling airliner, which is crucial for generating cash flow.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing's factory workers have voted to accept a revised contract offer, ending a seven-week strike. The new contract includes a larger wage increase and bonus payments, allowing Boeing to restart production lines for its key aircraft.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing has reached an agreement to end a machinist strike by offering a pay increase, raising average wages from $76,000 to $119,000 by 2028.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing workers have ended a seven-week strike after accepting a new contract that includes a 38% pay increase over four years, a $12,000 bonus, and improved retirement benefits.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

TSLA

Tesla has increased wages for all employees at its German gigafactory by 4% starting November. This move could impact Tesla's operational costs and employee satisfaction.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing Co. has resolved a 53-day strike by the International Association of Machinists and Aerospace Workers, which had halted jetliner production. Employees have accepted a new labor contract, allowing production to resume.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing's shares are rising in premarket trading as the machinists union voted to approve a third contract agreement, ending a nearly two-month strike.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing shares rose as employees are set to vote on a new contract proposal, potentially ending a 49-day strike. The deal includes a 38% wage increase over four years, bonuses, and improved 401(k) contributions. Boeing also committed to keeping new aircraft production in Washington. The strike has affected suppliers, and Boeing's credit rating remains on S&P's CreditWatch due to financial pressures.

Portfolio Pulse from Vaishali Prayag

November 01, 2024 | 9:48 pm

SAGE

Sage Therapeutics announced the resignation of Kimi Iguchi as CFO and Treasurer, effective October 31, 2024, as part of a company reorganization. The separation agreement includes a release of claims and non-solicitation, non-disclosure, and non-disparagement obligations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:44 pm