Talks between Boeing and its largest union to end an almost month-long strike collapsed for a third time, extending a shutdown of the plane maker’s key commercial manufacturing base on the US west coast.
Both the embattled plane maker and the International Association of Machinists and Aerospace Workers blamed each other for the impasse, following two days of mediated negotiations over a previously disclosed proposal that would have hiked wages 30 per cent and boosted retirement benefits.
Boeing said it has withdrawn the offer, saying further talks don’t make sense at this time.
Boeing and leaders for IAM District 751 have been in a stalemate over pay and pensions since the union’s 33,000 members walked off the job shortly after midnight on September 13th. - Bloomberg
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What are my mortgage options when coming off a fixed rate on a loan that has just 18 months to run?
Davos has a Marie Antoinette problem
– Bloomberg
