to around 33,000 US factory workers, saying the union did not consider its proposals seriously after two days of talks.
“Unfortunately, the union did not seriously consider our proposals,” Boeing Commercial Airplanes head Stephanie Pope said in a note to the employees, calling the union’s demands “non-negotiable.”Boeing has been burning cash in 2024 as it struggles to recover from a January mid-air panel blowout on a new plane that exposed weak safety protocols and spurred US regulators to curb its production.
Its shares were down 2.4% in trading on Wednesday. The stock has lost more than 40% of its value this year. The International Association of Machinists and Aerospace Workers union pushed back on those assertions, saying Boeing was “hell-bent on standing on the non-negotiated offer” proposed last month.“They refused to propose any wage increases, vacation/sick leave accrual, progression, ratification bonus, or the 401k Match/SCRC Contribution. They also would not reinstate the defined benefit pension,” it said.