financetom
Business
financetom
/
Business
/
Striking union holds indirect discussions with Boeing about deal, helped by US government
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Striking union holds indirect discussions with Boeing about deal, helped by US government
Oct 18, 2024 3:21 PM

Oct 18 (Reuters) - A union representing striking

machinists at Boeing ( BA ) said on Friday it is "actively

engaged in indirect discussions" with the planemaker that are

being facilitated by Acting U.S. Labor Secretary Julie Su.

"We are fully committed to these talks. It is our

responsibility to attempt to reach a resolution," said the

International Association of Machinists and Aerospace Workers

Local 751 in a social media post.

Around 33,000 of Boeing's ( BA ) unionized West Coast workers, most

in Washington state, have been on strike since Sept. 13,

demanding a 40% wage increase spread over four years and halting

production of the planemaker's best-selling 737 MAX and its 767

and 777 widebodies.

The talks are the first sign of movement in the more

than one-month-old strike since Boeing ( BA ) on Oct. 8 withdrew its

latest offer that included a 30% wage increase over four years,

after talks also attended by federal mediators broke down.

Boeing ( BA ) subsequently filed an unfair labor practice charge

against the union.

Boeing ( BA ) declined immediate comment on Friday.

Last Friday, Boeing ( BA ) announced it would cut 17,000 jobs, or

10% of its global staff and take $5 billion in charges,

continuing a year of tumult for the company.

Boeing ( BA ) announced a window for up to $25 billion in stock and

debt offerings over the next three years on Tuesday, as well as

a $10-billion credit agreement.

On Monday, Su was in Seattle for her first in-person effort

to help reach a deal. A spokesperson for Su declined comment on

Friday.

In September, nearly 95% of the West Coast workers rejected

Boeing's ( BA ) contract offer of a 25% pay rise over four years,

prompting the strike.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US SEC chair says agency plans to create new rules for crypto tokens
US SEC chair says agency plans to create new rules for crypto tokens
May 26, 2025
May 12 (Reuters) - Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency's cryptocurrency policies on Monday, saying he plans to establish guidelines for distributions of crypto tokens that are securities and consider whether additional exemptions are necessary. In remarks made at the outset of a public meeting of the SEC's...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
EXPLAINER-What has Trump said about cutting drug prices?
EXPLAINER-What has Trump said about cutting drug prices?
May 26, 2025
May 12 (Reuters) - U.S. President Donald Trump signed a broad executive order on Monday directing drugmakers to lower the prices of their prescription drugs to align with what other countries pay. White House officials said the government will give drugmakers price targets in the next month, and will take further action within six months if the companies do not...
Graco stroller maker Newell seeks tariff details before resuming China shipments
Graco stroller maker Newell seeks tariff details before resuming China shipments
May 26, 2025
NEW YORK (Reuters) -Newell Brands ( NWL ) is looking for more clarity on how newly lowered U.S. tariffs will be applied before potentially resuming shipments of its Graco baby strollers and child car seats from China, a spokesperson said on Monday. Atlanta-based manufacturer Newell, whose products range from coffee makers to pens, paused purchase orders on its China-made goods,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved