The cost of Boeing's strike keeps rising as talks continue
Briefly

Boeing's CEO, Kelly Ortberg, emphasized the importance of resolving the strike, stating, 'A resolution with the IAM stands as a priority for me, and our team is ready to resume mediated talks this Monday.' This indicates Boeing's commitment to reaching an agreement.
The IAM union criticized Boeing's negotiating tactics, referring to them as 'a blatant show of disrespect,' particularly pointing out that Boeing publicized the wage hike offer while the union was still reviewing it.
Workers have expressed strong feelings regarding their benefits, especially the defined benefit pension system that was replaced in 2014. It's a crucial topic for union members as they push for better terms.
Bank of America analysts have raised serious concerns about the financial impact of the strike, estimating costs to Boeing at '50 million dollars a day,' underscoring the urgency for a resolution.
Read at Business Insider
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