Boeing Co.’s largest union planned to hold a rally and strike-sanction vote on Wednesday, ratcheting up pressure on company negotiators as contract talks enter a crucial phase ahead of a potential walkout in September. The International Assn.
If the agreement is rejected, members will face a separate vote on whether to strike at 12:01 a.m. on Sept. 13, once the current contract expires. Investors are paying close attention to any labor dispute. A shutdown of Boeing’s Seattle-area industrial base would add to the company’s operational and financial woes, potentially derailing a recovery in the second half of the year, Bloomberg Intelligence analyst George Ferguson wrote in a July 3 note.
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