September 9, 2024 – 7:26 AM PDT
(Reuters) – Boeing’s (BA.N) shares rose 3.7% on Monday after the planemaker and its biggest union reached a tentative deal covering more than 32,000 workers, averting a possible strike.
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This was the first major negotiation by new CEO Kelly Ortberg, who took the helm just a month ago and has been tasked with turning around the struggling planemaker.
The proposed four-year contract was hailed by the union as the best it had ever negotiated and was cheered by investors.
However, it is far from a done deal.
Workers, who make the company’s best-selling 737 commercial jet and other planes, will vote on Sept. 12 and can strike as early as Sept. 13 if they reject…
