Boeing is being forced to introduce cash-savings measures — including furloughs for salaried staff — and the longer these strikes continue, the more chance of the company losing its prized investment grade credit rating. These strikes are hurting the business, and the workers should accept what seems like a fair deal.
Boeing was determined to stand on its non-negotiable offer, which it briefed to the media before negotiations. In the talks, the proposals did not meet any of the union's demands on pay or sick days and didn't reinstate the defined-benefit pension scheme. There was no way their offer could be accepted.
There's a 1% chance that Boeing will release a new midsize aircraft, likely called the 797, into commercial service before 2030, according to the Metaculus prediction community.