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Labor Issues

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 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

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's union workers have voted to end their strike after agreeing to a new contract that includes a 38% pay raise. This development allows machinists to return to work, potentially stabilizing Boeing's production and operations.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BA

Boeing workers have accepted a new labor contract, ending a strike that halted jetliner production for over seven weeks. The contract was approved by 59% of union members, affecting around 33,000 workers.

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

UBER

Uber Technologies is proposing a pay cut for its drivers in New York City, citing lower gas prices, to reduce ride prices in a major market.

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

COST

Costco fleet drivers, represented by Teamsters Local 174, have ratified a short-term contract, aligning its expiration with the Costco National Master Agreement. This strategic move enhances bargaining power for future negotiations. The contract replaces a 401(k) with a defined-benefit pension plan, providing greater security for workers. Despite Costco's 'worker-friendly' image, tensions remain over unionization efforts.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:48 pm