Watch CBS News

Airlines

1023-en-kvc.png

What a new labor contract could mean for Boeing

About 33,000 striking Boeing workers were voting Wednesday on whether to ratify a new contract with the embattled aircraft manufacturing giant. The four-year deal comes with a 35% pay hike, as well as improved health and retirement benefits, but no pension. The vote was happening on the same day that the company reported a $6.1 billion third-quarter loss. The company also announced earlier this month that it is cutting about 10% of its workforce. Kris Van Cleave reports.

Show More
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.