BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Boeing Labor Negotiations Spur Fractional Stock Gain as Union Counters
Boeing Labor Negotiations Spur Fractional Stock Gain as Union Counters
9
3
BTCCSquare news:
Boeing shares edged higher in Tuesday trading after the International Association of Machinists and Aerospace Workers District 837 submitted a modified four-year contract proposal. The union's counteroffer follows Boeing's rejected five-year agreement, signaling persistent but progressing negotiations.
The new terms demand an $8% first-year wage hike followed by 4% annual increases, paired with a staggered $10,000 ratification bonus. "Our members aren't fooled by PR spin," the IAM stated, accusing Boeing of undervaluing labor contributions. Market reaction remained muted, with BA shares gaining less than 1% amid ongoing uncertainty.
By:
