Market Chatter: Boeing Company Reaches New Contract With Former Spirit AeroSystems White-Collar Workers

MT Newswires Live02-02 18:24

Boeing Company (BA) reached a new labor deal with about 1,600 white-collar employees who are part of the Society of Professional Engineering Employees in Aerospace's Wichita Technical and Professional Unit, Reuters reported Saturday.

This marks the first labor deal reached with these workers who were part of the former Spirit AeroSystems, which Boeing re-acquired in December, according to the report.

The contract, which will expire in late 2030, includes a $6,000 ratification bonus, annual wage increases, improvements to medical and retirement plans, and an additional six days off a year, Reuters said.

Boeing did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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