ToplineBoeing reached a tentative agreement with its striking union workers Saturday, according to multiple outlets, potentially ending a five-week-long strike that halted production of the company’s key aircraft, threatened large layoffs and heightened its financial struggles. (AP Photo/Manuel Valdes) Associated PressKey FactsThe tentative deal includes a 35% wage increase over four years for workers, according to The Wall Street Journal, up from its initial offer of 25%. That is how many unionized Boeing workers rejected the previous tentative deal that was also recommended by union leaders, the Journal reported. Key BackgroundThe production-halting strike against Boeing is the latest obstacle faced by the aerospace company. Further ReadingBoeing Will Cut About 10% Of Its Workforce Amid Strike And Financial Struggles (Forbes)

Source: Forbes October 20, 2024 00:53 UTC