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.
Maritime security teams from Greece’s Diaplous and Britain’s Ambrey began a high-risk operation on Wednesday to evacuate the 22-strong crew of the...
Energy integration between Azerbaijan and Europe, along with opportunities to increase gas supplies was discussed during Energy Minister Parviz Shahba...
A court in Ankara has ordered regulators on Wednesday to block access to Grok, the artificial-intelligence chatbot built into Elon Musk’s X platform...
The Russian Prosecutor General's Office has declared Yale University 'an undesirable' organization on its territory, accusing the American institution...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 9th July, covering the latest developments you need to know....
Boeing said on Thursday it had secured a $2.8 billion U.S. contract to develop and produce two satellites with options for two more.
Indonesia is ready to pump $34 billion into U.S. energy and agriculture projects—plus a possible 75‑jet Garuda order—to head off steep tariffs.
Vietnam is set to confirm the purchase of 50 Boeing planes worth $8 billion, alongside agreements to import $2.9 billion in U.S. agricultural products, as part of a wider trade deal, Politico reported on Wednesday.
One of the two black boxes has been recovered from the wreckage of the Air India Dreamliner that crashed shortly after take-off in Ahmedabad, killing 241 of the 242 people on board, according to Hindustan Times.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
President Donald Trump’s postponement of a sweeping tariff deadline to 1 August has renewed hopes for trade deals with key partners, but left smaller exporters and businesses grappling with uncertainty.
Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, the investment bank said on Tuesday.
Russia's budget deficit reached 3.69 trillion roubles ($46.89 billion), or 1.7% of gross domestic product (GDP), in the first half of the year, the same as expected for the full year, the finance ministry said.
Norway has listed two Russian fishing companies, Norebo JSC and Murman Seafood, in line with European Union sanctions adopted on 20th May. The Norwegian government stated that the decision supports the country’s broader security policy objectives.
US President Donald Trump has declared a 25% tariff on imports from Japan and South Korea starting August 1, urging both nations to shift production to the US and warning of further tariff hikes if retaliatory measures are taken.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment