Categories: Stocks / ETFs

Boeing wage talks break off without progress to end strike, union says By Reuters


(Reuters) – The International Association of Machinists and Aerospace Workers (IAM) said late on Friday that its pay deal talks with Boeing (NYSE:) had broken off and that there were no further dates scheduled for negotiations at this time.

“We remain open to talks with the company, either direct or mediated,” IAM said in a post on X.

Boeing remains committed to resetting its relationship with its represented employees and wants to “reach an agreement as soon as possible,” a spokesperson for the company said in an email. “We are prepared to meet at any time.”

More than 32,000 Boeing workers in the Seattle area and Portland, Oregon, walked off the job on Sept. 13 in the union’s first strike since 2008, halting production of airplane models including Boeing’s best-selling 737 MAX.

The union is seeking a 40% pay rise and the restoration of a defined-benefit pension that was taken away in the contract a decade ago.

Boeing made an improved offer to the striking workers on Monday that it described as its “best and final”, which would give workers a 30% raise over four years and restored a performance bonus, but the union said a survey of its members found that was not enough.



Source link

admin2

Share
Published by
admin2

Recent Posts

Trump’s war loop: Escalate, retreat, repeat

Stuck in a quagmire of a war, Trump chafes at negative coverage while Iran digs…

14 minutes ago

Ontario court dismisses appeal to block release of Doug Ford’s phone records

The Ontario Appeal Court has dismissed the government’s attempt to cancel an order telling civil…

25 minutes ago

Ethereum Foundation Will Sell Less ETH As It Narrows Mission

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Vitalik Buterin…

27 minutes ago

May 30 – Westend Seniors Activity Centre

Descrease article font size Increase article font size Alberta’s biggest Seniors Week celebration returns June…

3 hours ago

How the VictoryShares Free Cash Flow ETF Is Outperforming the Market in 2026

The VictoryShares Free Cash Flow ETF (VFLO) has outpaced the broader U.S. equity market, year-to-date…

5 hours ago

Wembanyama scores 33 as Spurs rip Thunder to level NBA playoffs | Basketball News

Published On 25 May 202625 May 2026Victor Wembanyama has scored 33 points to lead the…

5 hours ago