00:00It's Benzinga bringing Wall Street to Main Street
00:02Boeing's largest white-collar union approved a sweetened four-year contract offer Thursday,
00:06easing concerns that a strike could disrupt aircraft production and deliveries, according
00:10to Reuters.
00:11The Society of Professional Engineering Employees in Aerospace represents about 17,000 Boeing
00:16workers, about 68 percent of its professional unit and more than 53 percent of its technical
00:21unit voted for the deal.
00:23The agreement includes a guaranteed 10 percent wage increase upon ratification, followed
00:27by annual raises of 4 percent and a possible additional 2 percent based on performance.
00:31A strike could have started as early as October 7th and affected certification work on the
00:35737 MAX 10 and 777X.
00:38Union members had previously rejected Boeing's initial contract offer.
00:42For all things money, visit Benzinga.com
