Boeing reached a tentative agreement with its striking union workers Saturday, potentially ending a five-week-long strike with the union’s vote of approval scheduled for Wednesday. The deal includes a 35% wage increase over four years, increases to 401k contributions and a $7,000 ratification bonus. Boeing has lost an estimated $1 billion a month over the strike according to a Standard & Poor’s estimate cited by CNN, and the aerospace firm also announced layoffs last week.þþThe Department of Transportation is investigating Tesla’s Full Self-Driving system, another regulatory hurdle as the company positions its future as autonomous driving. Regulators are looking into the system’s ability “to detect and respond appropriately” to low visibility conditions and “any updates or modifications” from Tesla to improve performance during such instances.
Source: forbes.com
