Boeing and Union Negotiators to Reconvene Amid High-Stakes Strike

Boeing and union negotiators will meet early next week to resolve a strike by the International Association of Machinists and Aerospace Workers, which involves over 30,000 members. This strike threatens Boeing's financial stability and production goals. Both sides aim to conclude negotiations promptly.

Boeing and union negotiators are set to return to the bargaining table early next week, as confirmed by U.S. federal mediators on Friday. This move comes amidst efforts to resolve a strike that threatens the airplane maker's financial recovery.

The U.S. Federal Mediation & Conciliation Service announced it would convene the parties with a federal mediator after both sides expressed a willingness to negotiate. The announcement follows a significant vote by union members, rejecting Boeing's contract offer and initiating a strike.

More than 30,000 members of the International Association of Machinists and Aerospace Workers (IAM), responsible for producing Boeing's best-selling 737 MAX and other jets, have rejected Boeing's latest contract offer by 94.6%, with 96% favoring a strike. The union members are pushing for a better pay offer, with plans to resume negotiations next week.

(With inputs from agencies.)