Good for the machinists. Of course, as noted in "The Longshoreman's Strike As An Example Of Greedflation (ILA)" regarding that industrial action there will be some inflationary pressure.....
From Bloomberg via Yahoo Finance, October 19:
Boeing Co. and the union representing 33,000 striking workers reached a tentative agreement on a new contract with help from the White House, underscoring the high stakes to end a work stoppage that has crippled one of the largest US exporters.
The proposal hammered out overnight in Seattle includes a wage increase of 35% spread over four years, a guaranteed annual bonus of at least 4% and an additional $7,000 bonus if workers approve the contract, IAM District 751 said in a statement on its website Saturday. A ratification vote is set for Oct. 23....
....MUCH MORE
Previously:September 13
"Boeing machinists vote to strike after rejecting pay increases of 25% over 4 years" (BA)
