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Marketplace All-in-One

Boeing reaches a deal

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 9 September 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

After a rough year, Boeing was facing a possible strike to add to its list of problems. But no longer. The aerospace company has reached a tentative deal with its largest labor union, with the hopes of averting a strike. We’ll hear more. Plus, Vice President Kamala Harris and former President Donald Trump are set to square off in their first debate tomorrow evening. We’ll do some math on their fiscal proposals.

Transcript

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0:00.0

Boeing reaches a deal.

0:03.0

From Marketplace, I'm Sabrie Ben Ashur, in for David Brancaccio.

0:07.0

After a rough year, Boeing was facing a possible strike to add to its list of problems,

0:11.0

but no longer.

0:12.6

Boeing has reached a tentative deal with its largest labor union,

0:16.0

with the hopes of averting a strike as soon as Friday.

0:18.4

The deal includes a huge pay raise, 25 to 33 percent,

0:22.0

depending on how you calculate it.

0:23.6

It also includes a new commitment from Boeing that has been long sought by the unionized

0:28.0

rank and file.

0:29.0

Marketplace's Nova Safo joins me now from Los Angeles to talk about it.

0:32.2

Good morning, Nov it. Good morning,

0:33.0

Good morning, Sabrie. So Boeing's commitment is that it will build any new commercial

0:39.5

airplane it comes up with in the Pacific Northwest in Unionized factories. Why is this important?

0:46.0

Well it's been a sore spot for Boeing's unionized workforce.

0:49.2

That's because the company moved production of its 787 dreamliner, the long haul plane, to a non-union plant in

0:55.0

South Carolina.

0:56.0

Now the head of Boeing's commercial airplanes division, Stephanie Pope, is promising employees

1:00.5

that they're not going to see that happen again and she made that promise

1:04.0

in a video directed to employees.

1:07.0

As part of the contract, our team in the Puget Sound region will build Boeing's

1:12.0

next airplane. This would go along with our other

...

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