Boeing's contract negotiations with the International Association of Machinists and Aerospace Workers (IAM) have stalled after a week of striking, with both parties unable to agree on key issues despite federal mediation. The IAM is demanding a 40% wage increase over four years and improved workplace conditions, while Boeing has offered a 25% pay increase. As a result of the strike, which is the company's first since 2008, Boeing has paused production on key aircraft models, leading to significant financial losses estimated at over $2 million per hour. Boeing's CEO announced temporary furloughs for thousands of employees as part of a cash-conservation strategy. The IAM remains open to further discussions but has not scheduled any new dates for negotiations. The union's members overwhelmingly rejected Boeing's previous contract offer, citing stagnant wages and increased healthcare costs over the past decade.