-
Boeing Sweetens Deal With 38% Wage Hike, $12K Bonus And More To End 7-Week Strike: Vote Set For Monday
Friday, November 1, 2024 - 3:17am | 486Striking employees at Boeing Co. (NYSE:BA) are poised to vote on a new contract proposal on Monday. The proposal, which includes a 38% wage increase over four years and a larger signing bonus, has received backing from the workers’ union. What Happened: The International Association of...
-
Boeing Stock Rises Ahead Of Wednesday's Union Vote: Will Investors Breathe 'A Sigh Of Relief?' (CORRECTED)
Tuesday, October 22, 2024 - 5:28pm | 521Editor’s note: This story has been updated to state that Boeing reports earnings premarket Wednesday, not after the closing bell. Boeing Co. (NYSE:BA) and its striking machinists reached a preliminary agreement to resolve the five-week strike over the weekend. Union members will vote on the...
-
Boeing's Striking Workers Reject 'Best And Final' Offer: '...It Missed The Mark On Many Of The Things'
Tuesday, September 24, 2024 - 5:06am | 583In a recent development, Boeing Co. (NYSE:BA) has made a final pay offer to its striking workers, but the workers’ union has declined to put it to a vote. What Happened: Boeing, on Monday, made a “best and final” pay offer to its striking workers, which included reinstating a...
-
Boeing Faces Junk Rating As Moody's Warns Of 'Execution Risk' During Strike
Friday, September 13, 2024 - 3:55pm | 699The Boeing Company‘s (NYSE:BA) credit rating may be lowered to junk as a strike stands to cripple production and cash flow. Aircraft assembly workers walked off the job early Friday morning after rejecting a contract offer presented by Boeing and the International Association of Machinists...
-
Why Boeing Stock Is Nosediving Tuesday
Tuesday, September 3, 2024 - 3:34pm | 562Boeing Company (NYSE:BA) shares are trading lower Tuesday ahead of the expiration of the company’s contract with the International Association of Machinists (IAM), which could lead to a potential strike. Additionally, Wells Fargo downgraded the stock from Equal-Weight to Underweight. The...
-
Credit Suisse Picks 7 Aerospace, Defense Stocks To Buy — And 4 To Avoid
Wednesday, October 12, 2022 - 12:47pm | 731Aerospace and defense stocks have been among the handful of investments that have performed well in a very difficult market in 2022. Global geopolitical tensions have been heightened since Russia invaded Ukraine, and Credit Suisse analyst Scott Deuschle said Wednesday there are still plenty of...
-
Amazon's Union Vote Shouldn't Worry Investors
Wednesday, January 15, 2014 - 4:47pm | 365Investors are impatiently wondering what might become of the union vote at one of Amazon's (NASDAQ: AMZN) fulfillment centers. According to re/code, up to 30 Amazon employees -- mostly equipment technicians and mechanics -- will vote on a proposal to join the International Association of...
-
Union representation rejected at Boeing's South Carolina plant
Wednesday, September 16, 2009 - 11:50am | 137Voting just 68 in favor of union representation and 200 against, workers at the Boeing (formerly Vought Aircraft Industries) plant in Charleston, South Carolina chose to decertify the International Association of Machinists and Aerospace Workers as their union. Boeing spokesman Tim Healy said in a...