New York
CNN
—
Boeing and the union that represents 33,000 striking employees at the company say talks between the two have broken down and no new talks are scheduled.
Two days of federally mediated talks this week concluded with the two sides still far apart, said Stephanie Pope, the CEO of Boeing’s commercial airplanes unit, in a statement.
Members of the International Association of Machinists have been on strike since September 13, grinding operations at the troubled manufacturer to a halt. Credit analysts at Standard & Poor’s estimated Tuesday that the strike is costing the company $1 billion a month.
The IAM in a statement said Boeing is at fault for not making an offer that would be acceptable to its rank-and-file members. A previous tentative agreement between the union and Boeing ahead of the strike was rejected nearly unanimously by the members now on strike.
