Boeing losing '$100 million to $150 million a day' as union strike rolls on :
Boeing (BA) finds itself stuck between a rock and a hard place as the labor strike between it and the International Association of Machinists (IAM) union nears a second week.
On Monday, Boeing upped its offer to the union, which represents 33,000 workers, but did not proceed through union leadership and instead sent a "best and final" offer directly to workers, which didn’t sit well with the IAM. Boeing’s latest offer upped pay hikes to 30% from 25% in the prior offer, doubled a signing bonus to $6,000, and increased 401(k) contributions, among other things.
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