Boeing and Union Resume Contract Talks Amid Strike Over Wages and Pensions
Key Points Boeing and the union restarted contract talks, mediated by federal officials. The union seeks a 40% wage increase, while Boeing offers 25%. A prolonged strike could cost Boeing billions and lead to a credit downgrade. The strike has stopped production of Boeing's 737 MAX, 777, and 767 models. Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM), are set to resume contract negotiations on Wednesday, mediated by federal officials, after failing to agree...