Boeing's shares rise after tentative labor deal that could avert major strike

Kelly Ortberg News

Boeing's shares rise after tentative labor deal that could avert major strike
BoeingBoeing CEOPremarket Trading
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 75 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 63%

If approved, the proposed four-year contract, which includes a general wage increase of 25% and a commitment to build the next commercial plane in the...

- Boeing shares rose 3% in U.S. premarket trading on Monday after the planemaker reached a tentative deal with a union in the U.S. Pacific Northwest that could avoid a possible crippling strike later this week.

With "IAM leaders unanimously recommending a vote to accept the proposal, the deal is unlikely to be rejected," Jefferies analyst Sheila Kahyaoglu said in a note. The labor deal, which is the Seattle-area workers' first full new contract in 16 years, also includes better retirement benefits and gives the union greater input in the safety and quality of the production system, one of Ortberg's mandates.The wage increase is likely to set Boeing back by $900 million over four years, compared to Jefferies' initial estimate of $1.1 billion, Kahyaoglu said.

ITV’s Good Morning Britain presenter took Dame Diana to task over the controversial policy which is opposed by dozens of MPs and unionsA Luxury Haven at the Heart of Kai Tak Sports Park Hong Kong, SAR-- - Dorsett Hospitality International is set to unveil its luxury flagship, Dorsett Kai Tak, on September 26. Inspired by the elegance of cruises, the hotel offers upscale living with breathtaking views of Victoria Harbour. Adjacent to the 50,000-seat stadium, it's only 4 MTR stops from Tsim ..

Dublin, Sept. 09, 2024 -- The "Tactical UAV Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.The Tactical Unmanned Aerial Vehicle sector is set to experience substantial growth with expectations to surpass the US$6 billion mark in 2024. A comprehensive analysis of the market foresees a robust increase in revenue stretching to the year 2034.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Boeing Boeing CEO Premarket Trading Sheila Kahyaoglu

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing reaches labor deal with 25% pay hike, new plane commitmentBoeing reaches labor deal with 25% pay hike, new plane commitmentAlthough the union had asked for a 40% raise in their first full negotiation with Boeing in 16 years, it made other dramatic gains, like obtaining significant input in the safety and quality of the production system
Read more »

Marda Loop mainstay says ongoing construction and high taxes forced it to move after 25 yearsMarda Loop mainstay says ongoing construction and high taxes forced it to move after 25 yearsMonkeyshines Children's Books new Bragg Creek location on Aug. 9, 2024. The independent bookstore was a Marda Loop mainstay for 25 years, but construction and high property taxes forced them to move.
Read more »

Sault cops clock 25-year-old Mercedes driver going 101 km/h on McNabbSault cops clock 25-year-old Mercedes driver going 101 km/h on McNabbSpeeding vehicle was pulled over Tuesday and promptly impounded
Read more »

Six NHL teams have captain vacancies heading into 2024-25 seasonSix NHL teams have captain vacancies heading into 2024-25 seasonWith the Toronto Maple Leafs transitioning the captaincy from John Tavares to Auston Matthews officially on Wednesday, there are six NHL teams that don’t have a captain heading into the 2024-25 campaign.
Read more »

Treliving ready to go into 2024-25 season with 'Core Four', new coachTreliving ready to go into 2024-25 season with 'Core Four', new coachAfter the Toronto Maple Leafs were eliminated in the first round of the playoffs for the sixth time in eight seasons, many wondered if dramatic change was on the horizon.
Read more »

Raptors open 2024-25 NBA season at home to Cleveland CavaliersRaptors open 2024-25 NBA season at home to Cleveland CavaliersTORONTO — The Toronto Raptors open their 2024-25 campaign at home against Cleveland as they look to bounce back from a disappointing season. The NBA released its regular-season schedule Thursday, with Toronto getting things going Oct.
Read more »



Render Time: 2025-02-13 11:46:30