Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases. The planemaker proposed a sweetened deal that includes a 38% pay increase over 4 years, the union said.
The aerospace manufacturer's largest union said it would put the contract to a vote on Monday by its 33,000 members, who rejected two earlier agreements.
Boeing's more than 32,000 machinists rejected a previous contract proposal in a vote earlier this month. The unionized machinists walked off the job on Sept.
Boeing made an improved contract offer to striking workers on the U.S. West Coast on Thursday, including a 38% pay increase over four years, a union spokesperson told Reuters.
Boeing is expected to make an improved wage offer on Thursday to the union representing over 33,000 of the planemaker's striking U.S. West Coast factory workers, three sources familiar with the matter told Reuters.
Boeing has dismantled its global diversity, equity and inclusion department, Bloomberg news reported on Thursday, citing people familiar with the matter.
Next for Boeing are arriving at an agreement with its striking factory workers and ramping up production.
Boeing Co (NYSE:BA, ETR:BCO)'s ongoing strike is set to weigh on jobs figures as the health of the US economy is mulled ahead of next month's presidential election. Non-farm payroll figures for October are due from the Labour Department on Friday, reflecting the final monthly report before the election on November 5.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The two sides remain far apart on the issue of the company pension plan.
The U.S. Labor Department said about 44,000 U.S. workers were on strike at the time of its employment survey earlier this month. Economists expect the U.S. to have added 100,000 jobs in the month.
The plane maker's share price has only fallen about 5% since workers went on strike.