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.
China has ordered its airlines to suspend further deliveries of Boeing jets in response to the United States' decision to impose 145% tariffs on Chinese goods, according to a Bloomberg News report on Tuesday.
Boeing has indicated that it needs more aircraft orders from India before considering setting up a commercial jet assembly line in the country, tempering government expectations.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Boeing to cut 396 jobs in Washington by February as part of a 10% workforce reduction, following cost-cutting measures after a factory workers' strike in September.
Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
Ukrainian President Volodymyr Zelenskyy has claimed that Chinese citizens are working at a drone production site in Russia and suggested that Moscow may have “stolen” drone technology from China
Ukrainian President Volodymyr Zelenskyy on Tuesday stated his readiness to negotiate with Russia “in any format” once a ceasefire takes effect. Meanwhile, Russian President Vladimir Putin has reportedly proposed halting his invasion at the current front lines, according to the Financial Times.
Russian President Vladimir Putin has reportedly suggested halting his invasion at current front-line positions as part of a peace initiative with U.S. President Donald Trump.
U.S. President Donald Trump's envoy, Steve Witkoff, is traveling to Moscow this week for renewed peace talks with Russian President Vladimir Putin. The White House confirmed Tuesday that Witkoff will attempt to advance negotiations aimed at ending the war in Ukraine.
With rising global tensions and growing risks to shipping, China is reshaping its trade strategy by constructing a new railway to Europe — one that deliberately avoids its close ally, Russia.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
The 18th meeting of the Joint Commission on Economic Cooperation between Iran and Russia is scheduled to take place in Moscow from April 23 to 25. The event aims to strengthen bilateral collaboration across a wide range of sectors.
The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
In response to President Donald Trump's sweeping new tariffs, a number of global companies are eyeing expansion into the United States to minimize the economic fallout from the trade measures.
Ukrainian President Volodymyr Zelenskyy has claimed that Chinese citizens are working at a drone production site in Russia and suggested that Moscow may have “stolen” drone technology from China
Ukrainian President Volodymyr Zelenskyy on Tuesday stated his readiness to negotiate with Russia “in any format” once a ceasefire takes effect. Meanwhile, Russian President Vladimir Putin has reportedly proposed halting his invasion at the current front lines, according to the Financial Times.
Russian President Vladimir Putin has reportedly suggested halting his invasion at current front-line positions as part of a peace initiative with U.S. President Donald Trump.
U.S. President Donald Trump's envoy, Steve Witkoff, is traveling to Moscow this week for renewed peace talks with Russian President Vladimir Putin. The White House confirmed Tuesday that Witkoff will attempt to advance negotiations aimed at ending the war in Ukraine.
With rising global tensions and growing risks to shipping, China is reshaping its trade strategy by constructing a new railway to Europe — one that deliberately avoids its close ally, Russia.
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