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Market Chatter: Boeing Facing Protracted Labor Action
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Market Chatter: Boeing Facing Protracted Labor Action
Oct 10, 2024 10:48 PM

05:58 AM EDT, 10/10/2024 (MT Newswires) -- Boeing ( BA ) could face a protracted labor action as striking members of the International Association of Machinists and Aerospace Workers say they are in it "for the long haul," Reuters reported Thursday, citing an interview with lead negotiator Jon Holden.

The parties remain in a deadlock after negotiations fell through Tuesday, with Boeing ( BA ) pulling its recent pay offer, according to the report. Reuters said the strike is approaching its one-month mark and that the labor action has halted the company's production of its 737 MAX, 767 and 777 jets.

Boeing ( BA ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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