Boeing Strike Talks Collapse As Mediator Session Deemed 'Waste Of Time,' Company Eyes Replacement Workers, Shares Dip

Boeing’s labor standoff in St. Louis shows no signs of resolution as the aerospace giant pushes forward with plans to hire permanent replacement workers, according to TipRanks. A Tuesday mediation session collapsed after just minutes of discussion, with union leader Tom Boelling calling it a “waste of time.” Boeing’s Dan Gillian reiterated that the company would only consider minor adjustments within its existing “richest-ever” offer. Shares of Boeing slipped modestly on Wednesday. Boeing maintains a Strong Buy consensus, with an average $261.72 target suggesting nearly 16% upside after a 42% rally over the past year.