Boeing grants vested shares to some employees, halts merit pay raises
Boeing grants vested shares to some employees, halts merit pay raises Eric M. Johnson , By Eric M. Johnson SEATTLE (Reuters) - Boeing Co said on Wednesday it was suspending annual merit salary increases in 2021 for most employees, managers and executives, as the embattled U.S. planemaker grapples with fallout from the coronavirus pandemic and 737 MAX crisis. Boeing also said it was awarding employees - excluding executives and tens of thousands of engineers and machinists covered by union contracts - a one-time grant of Restricted Stock Units (RSUs), dete...
Source: businessinsider.com