Audio By Carbonatix
Boeing and its largest union will resume contract talks on Wednesday, in the presence of federal mediators, after failing to agree on key issues of wages and pensions on Tuesday, the International Association of Machinists and Aerospace Workers (IAM) said.
Boeing and the U.S. Federal Mediation & Conciliation Service did not immediately respond to an email seeking comment.
Last week, 94.6% of IAM's more than 30,000 members, including workers who produce Boeing's top-selling 737 MAX and other jets in the Seattle and Portland areas, rejected Boeing's offer and 96% favoured a strike.
The rejected four-year deal included a general wage increase of 25%, far lower than the 40% workers had demanded. Boeing had also offered a commitment to build its next commercial airplane in the Seattle area.
A long strike could further damage Boeing's finances, already groaning due to a $60 billion debt pile.
The planemaker needs to generate sufficient cash flow to meet debt payments. A strike also would weigh on airlines that fly Boeing jets and suppliers that manufacture parts.
Latest Stories
-
Ukraine, global conflict, and emerging security uuestions in the Sahel
23 minutes -
Either defer new royalty regime or abolish Growth and Sustainability Levy – Chamber of Mines to government
54 minutes -
The Suit is a shroud ; the fugu is our resurrection
1 hour -
NDC appoints Inusah Fuseini as Ayariga steps down from Ayawaso East primary probe committee
1 hour -
T-bills auction: Government exceeds target by 246%; interest rates fall sharply to 9.9%
1 hour -
Lands Minister arrives in South Africa for annual African mining investment conference
2 hours -
Frank Quaye Writes: Nullify Ayawaso East primary to protect NDC’s integrity and goodwill
2 hours -
Medeama survive Samartex test to reach FA Cup last eight
2 hours -
Vote- buying, party reform, and the unfinished business of internal democracy in the NDC
2 hours -
Mahama Ayariga withdraws from NDC Ayawaso East probe as Majority Caucus demands cancellation of primary
2 hours -
Majority caucus calls for cancellation of Ayawaso East primary over vote-buying allegations
2 hours -
Jachie-Pramso SHS appeals for support as headmaster hails discipline
3 hours -
NDC committee given February 10 deadline to submit Ayawaso East vote-buying report
4 hours -
Abossey Okai spare parts dealers threaten one-week strike over new VAT regime
5 hours -
Sentencing is not a lottery -Lawyer defends Agradaa’s sentence reduction
5 hours