San Francisco: Global aerospace major Boeing on Sunday announced it has reached a tentative pay agreement with the International Association of Machinists and Aerospace Workers (IAM) which represents more than 33,000 employees. The pact has ended weeks of intense negotiations and avoiding a potential strike. “We’ve heard what’s important to you for the new contract. And we have reached a tentative agreement with the union on a historic offer that takes care of you and your family,” said Stephanie Pope, Boeing Commercial Airplanes President and CEO. The contract offer provides the largest-ever general wage increase, lower medical cost share to make healthcare more affordable, greater company
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