The breakdown extends a machinist strike at Boeing that has halted production of most of the company’s aircraft.
More than 32,000 Boeing machinists walked off the job on Sept. 13 after overwhelmingly voting down a new contract.withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations"do not make sense at this point."The machinists walked off the job on Sept. 13 after overwhelmingly rejecting a tentative labor deal, halting production of most of Boeing's aircraft, which are made in the Puget Sound area.
Talks again broke down this week, meaning the strike will continue. The stoppage will cost Boeing more than $1 billion per month, S&P Global Ratings said Tuesday as it issued a negative outlook for the aerospace giant's credit ratings.Stephanie Pope, CEO of Boeing's commercial aircraft unit, said the company improved contract pay during talks this week but said the union didn't consider the proposals.
"Instead, the union made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business," Pope said in a staff note. The union, the International Association of Machinists and Aerospace Workers, said Tuesday that Boeing refused to improve wages, retirement plans and vacation or sick leave.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge to hold hearing on Boeing's plea deal in 737 Max caseLawyers for Boeing and families of some people who died in two crashes of Boeing jetliners will go face to face in court next month. On Friday, a federal judge in Texas ordered a hearing over Boeing’s agreement to plead guilty to conspiracy in connection with the 737 Max jetliner. Boeing would admit misleading regulators who approved the plane.
Read more »
Boeing makes a 'final offer' to striking workers, but union says it's not good enoughBoeing said Monday it made a “best and final offer” to striking machinists, but the workers' union said the proposal isn't good enough and there won't be a ratification vote before Boeing's deadline.
Read more »
Fed's Bowman to speak, Boeing's new pay offer - what's moving marketsFed's Bowman to speak, Boeing's new pay offer - what's moving markets
Read more »
Boeing makes a 'final offer' to striking workers, but union says it's not good enoughBoeing is making what it calls a 'best and final offer' to striking union machinists, but the union says it won't vote by Boeing's deadline.
Read more »
Boeing's Final Offer Rejected By Striking WorkersBoeing offered a 'best and final offer' to striking machinists, including increased raises and bonuses. However, the workers' union rejected the proposal, citing insufficient improvements and lack of bargaining before public announcement.
Read more »
Boeing makes a 'final offer' to striking workers, but union says it's not good enoughBoeing said Monday it made a “best and final offer” to striking machinists, but the workers' union said the proposal isn't good enough and there won't be a ratification vote before Boeing's deadline.
Read more »