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Stalemate remains unbroken! Boeing (BA.US) labor negotiations have collapsed, with no progress towards ending the strike.
The International Association of Machinists and Aerospace Workers (IAM) stated on Friday evening Eastern Time that the salary negotiations with Boeing (BA.US) have collapsed, and no further negotiation date has been scheduled.
Boeing union stated that the negotiations have been suspended, with disagreements between both sides on retirement benefits and salary demands.
Boeing's largest union has stated that negotiations with the aircraft manufacturer have been suspended because the two parties have failed to reach an agreement that could potentially resolve the strike issue.
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