Boeing and Union Suspend Talks
After weeks of negotiations between the parties directly, the Federal Mediation and Conciliation Service began observing negotiations between Boeing (NYS: BA) and the Society of Professional Engineering Employees in Aerospace this week. On Wednesday, FMCS called for a temporary halt to the talks.
FMCS asked both sides to suspend negotiations over the SPEEA collective bargaining agreement until "after the first of the year." Both Boeing and SPEEA have agreed to the request. The FMCS statement posted by both Boeing and the SPEEA contained no reasoning for the move.
In a statement Tuesday, SPEEA, which represents some 23,000 Boeing employees, said it had made multiple overtures to Boeing regarding such issues as limiting mandatory overtime, revising the seniority system governing layoffs, and providing for maternity and paternity leave in its contract, along with, of course, changes to the pay structure for union employees.
The article Boeing and Union Suspend Talks originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.