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Boeing Statement: Renegotiation Fails; Strike Called

Written by thomas · Filed Under Commercial 

September 7, 2008

thomas

SEATTLE, Sept. 5 /PRNewswire-FirstCall/ — Boeing (NYSE: BA) issued the
following statement after mediated talks with the International Association
of Machinists and Aerospace Workers concluded today without reaching
agreement on a new collective bargaining agreement, covering nearly 27,000
employees mainly in Washington, Oregon and Kansas:

“Over the past two days, Boeing, the union and the federal mediator
worked hard in pursuing good-faith explorations of options that could lead
to an agreement. Unfortunately the differences were too great to close,”
said Scott Carson, president and CEO of Boeing Commercial Airplanes.

The IAM has called for a strike to begin at 12:01 a.m. Saturday, Sept.
6. Boeing operations in Washington, Oregon and Kansas will remain open.
Employees who are not represented by the IAM are expected to report for
work as normal.

During the work stoppage, Boeing will support its customers and their
airplanes in service. The company will continue delivering airplanes that
were completed prior to the strike, and will continue providing customers
with spare parts. Boeing does not intend to assemble airplanes during the
strike.

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