Boeing, union negotiators to resume talks as striking workers dig in

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Boeing, union negotiators to resume talks as striking workers dig in - Business Standard

Quick Summary:

A prolonged strike could cost Boeing several billion dollars, fraying the planemaker's already strained finances and threatening a downgrade of its credit rating, analysts say.

Boeing said on Monday it was freezing hiring and weighing furloughs as it seeks to cut costs to limit the impact of the strike and rein in its debt, which stands at around $60 billion.

Boeing and union negotiators are not expected to discuss details of a new offer at the meeting, which is more about setting out the rules of future talks, another source with knowledge of the mediation said.