Boeing resumed negotiations with representatives of its striking factory workers in the Pacific Northwest on Tuesday, less than a week after the unionized machinists voted to reject a negotiated contract offer and extend a strike—which is in its seventh week and has severely hampered the manufacturing of key Boeing aircraft.
Boeing resumed talks with union representatives on Tuesday with assistance from the Biden ... [+]
In an update on social media, the International Association of Machinists and Aerospace Workers (IAM) union said it had a “productive face-to-face meeting with the company” to address “key bargaining issues.”
The union said its “negotiating committee will continue to engage with the company to secure the best possible outcome for our members.”
The IAM’s statement also mentioned the “continued assistance of Acting Secretary of Labor Julie Su,” who also helped restart discussions between both sides earlier this month.
Boeing also confirmed to Bloomberg and Reuters that it had met with union leaders on Tuesday.
The timeline for the completion of negotiations is unclear, as both sides hope to end a stalemate that has severely hampered the production of key Boeing airplanes, including the 737 MAX, the 767 and the 777.
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$21.1 billion. That is the amount Boeing raised from a stock offering on Monday to avoid a credit rating downgrade. The plane maker reported a $6.1 billion loss in its third-quarter earnings amid a series of safety-related issues and the strike.