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Employee Contract

All articles tagged with #employee contract

business1 year ago•1 min saved

Boeing Faces Layoffs and Stock Decline Amid Delivery Challenges

Boeing shares are down after the company reported its lowest aircraft deliveries since November 2020, with only 14 delivered in October. This follows a new employee contract that includes a 38% wage increase, but 737 production was halted until today. Boeing expects a gradual production ramp-up, with Bank of America projecting a return to pre-strike levels by Q1 2025. Currently, Boeing has made only one 737 delivery in November.

via Benzinga|

#aircraft-deliveries #boeing #business

business2 years ago•3 min saved

New York Times and Union Reach Employee Contract Agreement

New York Times staffers and bosses have reached an agreement on a new employee contract, ending two years of intense negotiations. The new contract includes a minimum salary of $65,000, a 3.25% raise this year, and a 3% raise in 2024. Once ratified, all employees will receive a one-time, 7% bonus calculated from the pay they have earned since the previous contract expired. Remote work has also been a sticking point, with the Times able to require workers to report in-person three days a week.

via The Washington Post|

#business #employee-contract #minimum-salary