Results for: IAM

The International Association of Machinists and Aerospace Workers (IAM) has ratified a historic four-year contract with Boeing, securing a significant 43.65% compounded wage increase and a $12,000 ratification bonus for its members. This agreement, supported by the Biden administration, ends a nearly two-month strike across Washington, Oregon, and California, bringing relief to thousands of workers. The contract also includes enhanced retirement contributions and improved health benefits, setting a new standard for aerospace industry workers.

Boeing and the International Association of Machinists (IAM) have reached a tentative agreement, potentially ending a 49-day strike. The deal includes a significant wage increase over four years and a ratification bonus. Workers will vote on the proposal on Monday, November 4th. If approved, production will gradually resume, potentially boosting Boeing’s stock price.

Boeing’s proposed labor deal, which would have ended the five-week-long strike, was overwhelmingly rejected by union members. The IAM union cited the lack of pension benefits as a key factor in the rejection. Despite the setback, both Boeing and the union express optimism about resuming negotiations.

Boeing shares are trading lower on Wednesday after the company reported a dip in September aircraft deliveries due to a strike by the International Association of Machinists (IAM). Analysts anticipate further delivery declines in October, with investors focusing on the company’s ability to ramp up production in 2025 and resolve the ongoing labor dispute.

Boeing and the International Association of Machinists and Aerospace Workers (IAM) have reached a labor agreement, averting a potential strike. The agreement includes a 25% wage increase over four years, enhanced healthcare benefits, and retirement improvements. The agreement is subject to worker approval in a vote scheduled for September 12.

Boeing shares are trading lower today as the company faces a potential strike from its workforce and a downgrade from Wells Fargo. The IAM, representing 20% of Boeing’s workforce, is demanding significant wage increases, putting pressure on the already cash-strapped aerospace company. Analysts remain optimistic about Boeing’s future, despite the challenges, with an average price target suggesting potential upside ahead.