Talks between Boeing and the union representing 33,000 striking machinists have broken down with the two sides blaming each other for refusing to compromise, leaving little hope that the walkout now entering its fourth week will be resolved anytime soon. It was their third meeting since machinists voted overwhelmingly last month to reject Boeing initial offer of a 25 percent wage increase over four years. The last strike by machinists in 2008 lasted 54 days. AdvertisementThe stalemate between Boeing and its largest employee union comes as the company is facing multiple legal, safety and financial crises. Analysts estimate that the strike could be costing Boeing $1 billion a week.

Source: Ethiopian News October 09, 2024 20:37 UTC