While the election drama unfolds, Boeing workers have quietly ended a 53-day strike. This strike put a massive dent in jetliner production and caused a collective sigh of relief (and frustration) at Boeing HQ. Workers secured a 38% wage bump and boosted retirement plans, and they’re headed back to work across LA, Oregon, and Washington.
This labor deal is a huge win for employees and clears a significant hurdle for Boeing’s financial stability. While Boeing managed to avoid a credit rating downgrade (for now), it’s still in rocky waters with shares down a hefty 41% this year. So, as Boeing employees return to their posts, here’s hoping for smoother skies and steadier ground in the stock market.