From Investing.com: 2024-09-17 23:50:39

Boeing and union to resume contract talks after failing to agree on wages and pensions. Majority of workers rejected Boeing’s offer, favoring a strike. Deal included 25% wage increase, far below the 40% demanded. Boeing offered to build next airplane in Seattle area.

Potential strike could worsen Boeing’s financial woes with $60 billion debt. Cash flow crucial for debt payments. Strike impact on airlines and suppliers of Boeing parts looming. Talks to resume Wednesday with federal mediators.



Read more at Investing.com: Boeing, union negotiators set to resume contract talks on Wednesday By Reuters