SEATTLE, Wash. – As a strike by Boeing’s U.S. west coast factory workers continues, negotiations between the company and the International Association of Machinists and Aerospace Workers (IAM) are set to resume. The strike, which began in September, has halted production of several Boeing aircraft models and has had significant financial implications for the company.
Both Boeing and the IAM have expressed a desire to reach a resolution to the strike, which has been ongoing for several weeks. The company has faced mounting pressure to end the stoppage, as it grapples with debt, cash burn, and the threat of losing its investment grade rating.
In recent weeks, negotiators for Boeing and the IAM have struggled to agree on key issues, including pay raises, job security, and retirement benefits. The union has rejected several proposed agreements, citing concerns over the proposed pay increases and other terms.
The strike has attracted attention from the Biden administration, with Acting U.S. Labor Secretary Julie Su and her staff continuing to engage with both parties. The White House has expressed a desire to see a resolution to the strike, which has had a significant impact on the U.S. aerospace industry.
