The latest round of talks between Boeing and machinists, mediated by federal officials, broke off without progress, according to the union.

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Boeing’s 2024 labor strike continues as the company and a key union didn’t make any progress negotiating on Friday. Retirement benefits are a sticking point.

Boeing's union has the aerospace company over a barrel. Boeing can afford to raise wages but only at the cost of a big cut in profits.

After strikers' healthcare benefits were cut off, the president of the International Association of Machinists (IAM) and Aerospace Workers said Boeing's new leader must be 'truly involved' in reaching a settlement.

Roughly 33,000 Boeing workers have been on strike since Sept. 13. Boeing cut off their healthcare benefits on Sept. 30.

The ongoing strike at aerospace company Boeing Co. ($BA) has done the stock no favors. Production is minimal, costs are mounting, and there is not

Boeing's (NYSE:BA) biggest union said after the aviation giant cut off the health benefits of 33,000 striking workers that new Chief Executive Kelly Ortberg should be engaged in contract negotiations that would end the work stoppage.