Talks between Boeing and the machinists union break down as strike nears the one-month mark

Source: CNN

Boeing and the union that represents 33,000 striking employees at the company say talks between the two have broken down and no new talks are scheduled.

Two days of federally mediated talks this week concluded with the two sides still far apart, said Stephanie Pope, the CEO of Boeing’s commercial airplanes unit, in a statement.

“The union made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business,” she said in the statement to Boeing employees. “Given that position, further negotiations do not make sense at this point and our offer has been withdrawn.”

Members of the International Association of Machinists have been on strike since September 13, grinding operations at the troubled manufacturer to a halt. Credit analysts at Standard & Poor’s estimated Tuesday that the strike is costing the company $1 billion a month.

Read more: https://www.cnn.com/2024/10/08/business/boeing-strike-union-talks-break-down/index.html