Boeing Co.: Breakthrough in Labour Negotiations

Boeing Co. reached a landmark agreement in its IAM labour negotiations, significantly increasing general wages by 30%, enhancing its 401(K) match to 100% of the first 8% of pay, and boosting the ratification bonus to $6,000.

Boeing Co. has made significant strides in its labour negotiations with the International Association of Machinists (IAM). The aerospace giant has agreed to a 30% increase in general wages.

Alongside the wage hike, Boeing has improved its 401(K) plan, matching 100% of the first 8% of an employee's pay and continuing an automatic 4% company contribution.

Additionally, the ratification bonus has been significantly boosted to $6,000, underscoring Boeing's commitment to its workforce. Further details are expected as negotiations progress.

(With inputs from agencies.)