Sept 18 (Reuters) - Boeing (BA.N), opens new tab and its largest union will restart contract talks on Wednesday in the presence of federal mediators, after failing to agree on key issues such as wages and pensions, the International Association of Machinists and Aerospace Workers said.þThe union, whose members went on strike last Friday, has been pushing for a 40% raise over four years in its first full contract negotiations with Boeing in 16 years, well above the planemaker's offer of 25%, which was resoundingly rejected.þþA prolonged strike could cost Boeing several billion dollars, further straining the planemaker's finances and threatening a downgrade of its credit rating, analysts said.þÿAfter a full day of mediation, we are frustrated, the company was not prepared and was unwilling to address the issues you've made clear are essential for ending this strike: Wages and Pension.ÿ the union representing more than 30,000 Boeing factory workers said, opens new tab on X following Tuesday's meeting.þþÿThe company doesn't seem to be taking mediation seriously. With a 96% strike vote, we thought Boeing would finally understand that IAM 751 Machinists are demanding more. We are fighting for what is right and just - for what we have earned over the past 16 years,ÿ it added.þþThe strike, which enters its sixth day on Wednesday, is Boeing's first since 2008 and is the latest event in a tumultuous year for the planemaker that began with a January incident when a door panel detached from a new 737 MAX jet mid-air.
Source: reuters.com
