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Boeing Strike Stalemate Weighs on Shares as Mediation Fails
Boeing Strike Stalemate Weighs on Shares as Mediation Fails
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BTCCSquare news:
Boeing's labor dispute in St. Louis remains unresolved after a futile four-hour mediation session, with union officials dismissing the talks as a 'waste of time.' The aerospace giant's shares dipped slightly during Wednesday trading as tensions escalated over replacement worker plans.
Federal mediator Glen Reed shuttled between separate rooms after initial discussions collapsed within minutes. 'They're worried about saving face,' remarked Machinists Union leader Tom Boelling, criticizing Boeing's inflexibility. The company maintains it will only consider minor adjustments to its existing offer.
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