Boeing boosts wage offer to 33,000 striking workers with a 38% raise over four years and a $12,000 bonus, aiming to end a seven-week strike that has stalled key aircraft production.
Boeing’s stock rose 2% on Friday as it raised its wage offer to about 33,000 striking workers, hoping to resolve a seven-week strike that halted production of its 737 MAX, 767, and 777 jets.
The updated offer includes a 38% wage increase over four years and a $12,000 signing bonus, though it still lacks the defined-benefit pension workers have demanded.
Workers can choose to place $5,000 of the bonus into a 401(k) or take it as cash, and they can potentially direct up to 20% of their salary to retirement accounts. Analysts say this could sway some pension advocates.
So far, workers have lost around $10,400 in wages, surpassing the average first-year raise offered.
Despite the Machinists union’s support, worker opinion remains mixed. Since the strike began in September, Boeing’s shares have fallen 8.3%, and analysts are monitoring social media to gauge sentiment.
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Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
The U.S. envoy to Türkiye has confirmed that a Turkish Airlines’ Boeing aircraft deal has been finalised, marking a significant step in expanding the carrier’s fleet.
Morocco has been declared winners of the 2025 Africa Cup of Nations and Senegal stripped of their title by the Confederation of African Football (CAF).
President Donald Trump said NATO is making a “very foolish mistake” by refusing to help the U.S. as Israel Katz claimed Ali Larijani was killed in Israeli strikes.
Israel has announced that its forces killed Iran’s Esmail Khatib, in an overnight military strike, in what officials describe as a significant escalation in the Middle East crisis. Iranian President has confirmed the death of the senior official, amplifying already intense regional tensions.
Kouri Richins, a U.S. woman who penned a children’s book about bereavement after the death of her husband has been found guilty of killing him.
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China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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