Boeing Withdraws Proposed Pay Increase Contract After Union Negotiations Break Down

Negotiations over benefits for Boeing workers have broken down, resulting in the company officials withdrawing a proposed contract that would have given 30 percent raises over four years.
The contract was taken off the table after two days of discussion, which the company said was ultimately not taken seriously by the International Association of Machinists and Aerospace Workers (IAM) District 751 union.
“Instead, the union made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business,” Boeing said in a statement to The Associated Press on Oct. 9. “Given that position, further negotiations do not make sense at this point and our offer has been withdrawn.”…