波音表示已经撤回了上述方案，并称目前没有进一步谈判的意义。波音商用飞机部门负责人Stephanie Pope表示：“我们的团队真诚地进行了谈判，并提出了新的和改进的建议，试图达成协议，包括增加实得工资和退休。”“很遗憾，工会没有认真考虑我们的提议。工会提出的要求没有商量余地，远远超出了维持企业竞争力所能接受的程度。”This indicates that the strike, which has been going on for almost a month, will continue, and Boeing's key manufacturing plant for commercial aircraft on the west coast of the United States will still be shut down.
The Zhitong Finance App learned that negotiations between Boeing (BA.US) and the International Association of Mechanics and Aerospace Workers (IAM) to end the strike have broken down again. This indicates that the strike, which has been going on for almost a month, will continue, and Boeing's key manufacturing plant for commercial aircraft on the west coast of the United States will still be shut down.
According to people familiar with the matter, Boeing and IAM negotiated with federal mediators on a plan to raise wages by 30% and increase retirement benefits on Monday and Tuesday, but the negotiations broke down, and Boeing and IAM blamed each other for causing an impasse.
Boeing said it had withdrawn the plan and said there is no point in further negotiations at this time. Stephanie Pope, head of Boeing's commercial aircraft division, said: “Our team negotiated in good faith and put forward new and improved proposals to try to reach an agreement, including increasing take-home pay and retirement.” “Regrettably, the union did not seriously consider our proposal. The demands put forward by trade unions are non-negotiable and far exceed what is acceptable for maintaining the competitiveness of enterprises.”
However, IAM said that the negotiation committee is ready to continue mediation or direct negotiations with Boeing. According to reports, the trade union is demanding a 40% salary increase within four years and the restoration of the fixed income pension cancelled in the contract ten years ago. Prior to the strike, more than 90% of workers voted against Boeing's proposal to raise wages by 25% over four years. Boeing then proposed a plan to raise wages by 30% within four years and restore performance plan bonuses, but it was still rejected by the union.
Employees at the Boeing West Coast plant began a strike in the early morning of September 13, local time. About 0.033 million people participated. This is Boeing's first major strike in 16 years, and it has already had an impact on the company's financial situation. According to estimates by investment bank TD Cowen, Boeing's daily revenue loss is as high as 0.1 billion US dollars. Additionally, the company is on the verge of losing its valuable investment-grade credit rating, and the company has placed thousands of salaried employees on temporary leave.
There were reports earlier on Tuesday that as cash rapidly dwindles and debt burdens surged, Boeing is considering issuing at least $10 billion in new shares after fully understanding the financial losses caused by the shutdown.
