Boeing (BA) Wednesday said, despite engineers' approval for the contract, the technical employees rejected the company's offer and called upon a strike.
The company believes that its proposal to move future hires to an enhanced 401k-style retirement plan is important, as it has repeatedly emphasized over the course of these negotiations.
"The realities of the market require us to make changes so we can invest in new products and keep winning in this competitive environment, which will allow us to continue to provide a solid future for our team, " said Ray Conner, president and CEO, Boeing Commercial Airplanes.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.