Boeing shares higher as striking union endorses 38% pay bump [Yahoo! Finance]
LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB)
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am
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Source: Yahoo! Finance
workers endorsed a new pay offer than includes a 38% wage bump over the next four years. The announcement has raised renewed hopes for an end to the seven-week old work stoppage, which has weighed heavily on Boeing's finances, hit jet production, and threatened to drag the aerospace giant's credit rating down into junk territory. Employees, who previously rejected two other revised pay proposals from Boeing, are due to vote on the latest deal on Nov. 4. The fresh offer features a $12,000 signing bonus, combining Boeing's previous proposal of $7,000 and a $5,000 lump sump payment into workers' 401(k) retirement benefits. The Boeing workers based in the US West Coast have been pushing for a 40% pay jump and the return of a defined-benefit pension scheme which was scrapped a decade ago. However, in a social media post, the International Association of Machinists and Aerospace Workers union, which is negotiating on behalf of the workers, urged its members to "lock in these gains a
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LYB
Earnings
- 11/1/24 - Miss
LYB
Sec Filings
- 11/1/24 - Form 10-Q
- 11/1/24 - Form 8-K/A
- 11/1/24 - Form 8-K
- LYB's page on the SEC website