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Boeing and Workers Reach Major Deal After Seven-Week Strike

Boeing has settled a seven-week strike by granting employees a 38% wage increase and a one-time bonus of $12,000. This resolution comes at a significant cost to the company, which had been losing around $50 million daily due to the strike, amounting to over $2 billion in total losses. The agreement is seen as a crucial step towards restoring Boeing’s reputation amid ongoing quality issues with its aircraft. Despite challenges, analysts remain optimistic about Boeing’s long-term prospects due to sustained demand for airplanes, though potential future labor unrest could loom.

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