Boeing Union Balks at Sweetened Pay Offer Citing ‘Disrespect' [Yahoo! Finance Canada]
Textron Inc. (TXT)
Last textron inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The proposal is an improvement over the initial 25% increase turned down earlier this month by members of the International Association of Machinists and Aerospace Workers, but still less than the 40% initially sought by the union. Boeing said the terms are final and only valid until the end of Sept. 27, ratcheting up pressure on workers to accept. However, Jon Holden, president of IAM District 751, said his negotiating team was blindsided by the offer and the union has no intention of putting it before rank-and-file members for a vote. Doing so on such short notice simply isn't feasible, he said in an interview. “Setting up a vote for 33,000 people isn't just something you snap your fingers on,” Holden said. Union leaders also want to talk to members about the offer, he said, adding: “We know already that it doesn't meet our members' needs.” The maneuvering has brought a harder edge to the pay negotiations. In a harsh statement posted online, IAM Dis
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TXT
News
- Textron Inc. (NYSE: TXT) was downgraded by analysts at TD Cowen from a "buy" rating to a "hold" rating. They now have a $95.00 price target on the stock, down previously from $103.00.MarketBeat
- Textron to Release Third Quarter Results on October 24, 2024Business Wire
- Textron workers in Wichita go on strike after rejecting labor contract [Yahoo! Finance Canada]Yahoo! Finance Canada
- Textron eAviation President and CEO Kriya Shortt Named `Executive in Residence' by Embry-Riddle Aeronautical UniversityPR Web
- Textron Systems and Kodiak Integrate Textron Systems' Fully Uncrewed RIPSAW® M3 Vehicle with Kodiak's Self-Driving System [Yahoo! Finance]Yahoo! Finance
TXT
Earnings
- 7/18/24 - Beat
TXT
Sec Filings
- 9/24/24 - Form 8-K
- 7/30/24 - Form S-8
- 7/30/24 - Form 10-Q
- TXT's page on the SEC website