Boeing talks with machinists collapse

10/16/2008 10:43:47 AM

Talks aimed at ending a month long strike by union machinists at Boeing Company collapsed Monday after the company and union were unable to agree on the union's demands for greater job security, the Wall Street Journal reported.   People on both sides of the dispute said that no new talks have been scheduled, raising the likelihood that the strike could last several more weeks.   Before the September 6 strike began, Boeing's assembly lines had been cranking out more than 40 airplanes a month.   The strike, in addition to costing the Chicago-based aircraft maker an estimated US$100 million a day in revenues, has forced many of the firm's suppliers to scale back workers' hours and temporarily lay off staff.   CargonewsAsia

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