The new contract includes a 43.65% compounded wage increase - 38% before compounding - over the four-year life of the contract, highlighting significant progress after earlier rejections.
We're saddled with too much debt. We've had serious lapses in our performance across the company which have disappointed many of our customers, indicating internal struggles at Boeing.
The strike was also reflected in Friday's U.S. jobs report, showing weaker-than-expected job growth, with 44,000 transportation jobs disappearing last month, primarily from Boeing.
The trust in our company has eroded, and this reflects the challenges Boeing faces in rebuilding its reputation amid the ongoing strife with union relations.
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