Boeing Stock Rises
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Members of the union representing workers who assemble Boeing fighter jets have rejected a new contract proposed by the US aircraft manufacturer, paving the way for possible strikes
The company said it was preparing for a strike after a vote among members that looks set to hit multiple production plants.
Boeing has reinstated dozens of laid-off Washington workers who, the engineering union alleged, were in the same roles as nonunion workers spared from the widespread job cuts.
Boeing Co.’s newfound labor peace will be put to the test on Sunday as about 3,200 factory workers in the St. Louis area vote on a contract offer that would boost their wages by 20% over four years.
Countries striking agreements with the United States have pledged to buy more Boeing planes, but it’s not clear whether those orders were the result of President Trump’s tactics.
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Wall Street analysts expect the aircraft manufacturer to halve its second-quarter losses from a year ago when it reports earnings this week.
The current three-year contract expires July 27, when members of International Association of Machinists and Aerospace Workers District 837 are scheduled to vote on a new four-year pact.
Ryanair, Boeing's biggest European customer, said it could delay deliveries of some 737 MAX aircraft as it holds out for a trade deal between the U.S. and the European Union. The airline, Europe's biggest by passenger numbers,
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