Boeing has withdrawn its pay offer amid a strike affecting 33,000 factory workers, with no further negotiations planned due to collapsed talks with the union.
Stephanie Pope, head of Boeing Commercial Airplanes, stated that the union did not give serious consideration to their proposals, leading to the decision to withdraw the offer.
Pope emphasized that the union's demands are non-negotiable, asserting that further negotiations do not make sense at this point.
As tensions escalate with the ongoing strike, Boeing's shares experienced a 1.5% decline on Wednesday, reflecting investor concerns.
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