Boeing Withdraws 30% Pay Raise Offer To Over 30,000 Striking Workers After Negotiations Reach An Impasse

Boeing has withdrawn its pay rise offer to over 30,000 striking workers after negotiations with the International Association of Machinists and Aerospace Workers union reached an impasse. The union rejected Boeing’s proposed 30% wage increase over four years, calling for 40%. Boeing accused the union of making non-negotiable demands, while the IAM claims Boeing refused to negotiate. The strike began last month and has halted plane production, causing Boeing to suspend jobs. Analysts warn that if the walkout is prolonged, it could cost Boeing and its suppliers billions of dollars.