Boeing, Union Resume Talks Amid Strike

More than 33,000 workers at Boeing have gone on strike after rejecting a contract that they deemed insufficient regarding pay and retirement benefits. The strike, which has significantly slowed production of key aircraft models such as the 737 MAX and 777, marks Boeing's first labor stoppage since 2008. Federal mediators are set to assist in upcoming negotiations aimed at resolving the dispute, as workers continue to picket and demand better compensation. Boeing's Chief Financial Officer has indicated that the company is facing financial difficulties and has announced a hiring freeze and potential furloughs. The union, supported by other labor organizations, is surveying its members to prioritize negotiation goals amidst concerns of prolonged financial strain on striking workers. If the strike extends, Boeing could face substantial revenue losses, further complicating its already precarious financial situation.