Talks between Boeing and the union collapsed this week and the sides were left locked in an acrimonious stalemate showing no signs of being resolved anytime soon, a person briefed on the talks said
Boeing factory workers gather on a picket line during the first day of a strike in Renton, Wash., on Sept. 13.said on Tuesday that it had withdrawn its pay offer to around 33,000 U.S. factory workers and no further negotiations were planned with their union representatives as a financially damaging strike nears its fourth week.
Shares of the U.S. plane maker were down 1.5 per cent in premarket trading on Wednesday. The stock has lost 5 per cent of its value since the strike began on Sept. 13. The striking union of its West Coast factory workers is seeking a 40 per cent pay rise over four years and the restoration of a defined-benefit pension that was taken away in the contract a decade ago. More than 90 per cent of workers voted down an offer of a 25 per cent pay rise over four years before going on strike.
Cent Boeing Offer Strike Week Pay Stock International Association Of Machinists And Aerosp West Coast Boeing
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