Boeing pulls out of negotiations with union after failed talks.

• The machinist union and Boeing were unable to reach an agreement, resulting in the withdrawal of Boeing's contract offer.
• On Sept. 13, over 32,000 Boeing machinists rejected a new contract by voting it down in a massive union strike.
• Boeing refused to propose wage increases and other improvements in the latest round of talks, according to the union.

The company withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, stating that further negotiations "do not make sense at this point."

On Sept. 13, the machinists rejected a tentative labor deal, causing a halt in production of most Boeing aircraft made in the Puget Sound area. Despite Boeing's subsequent sweetened offer, which included increased pay raises, a ratification bonus, and other improvements, the union refused to accept it, arguing that it was not negotiated.

This week, talks between the union and management broke down, resulting in the continuation of the strike. As a result, S&P Global Ratings has predicted that Boeing will lose more than $1 billion per month due to the stoppage.

Boeing's commercial aircraft unit CEO, Stephanie Pope, stated that the company made progress in contract pay negotiations this week, but the union was not receptive to the proposals.

In a staff note, Pope stated that the union's non-negotiable demands exceeded what could be accepted in order to maintain competitiveness as a business.

The International Association of Machinists and Aerospace Workers announced on Tuesday that Boeing had refused to enhance wages, retirement plans, and vacation or sick leave.