Boeing 737 MAX No Return In Service before First Quarter 2021
Boeing Freezes Salary Increases; Says Full Industry Recovery May Take Three Years
Boeing said it would replace merit-based pay increases with restricted stock awards as CEO Dave Calhoun cautioned that a full recovery for the planemaker could take three years.
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December 18, 2020 - by MARTIN BACCARDAX for www.thestreet.com
Boeing said it would replace merit-based pay increases with restricted stock awards as CEO Dave Calhoun cautioned that a full recovery for the planemaker could take three years.
Boeing Co. (BA) - Get Report said Wednesday it will freeze all merit-based salary increases as CEO Dave Calhoun warned that a broader recovery for the world's biggest planemaker could be at least three years away.
Executives, managers and most of the group's employees won't receive merit-based pay increases next year, Boeing said, but will instead be given a one-time award of restricted stock unites that will vest on December 14, 2023.
"As we begin to mobilize in...
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