For weeks on end, Boeing sat behind closed doors with its SPEEA engineers union, ostensibly negotiating a new collective employment contract, but actually getting ... exactly nowhere.
Now the specter of a crippling labor strike looms large -- a strike that could cost Boeing $250 million a day in lost sales, deny Boeing employees their wages, and hold up production at scores of Boeing suppliers across the country and throughout the economy, including heavyweights such as General Electric , Honeywell , and Spirit AeroSystems . Is there any hope for the parties to come to agreement, and avoid a crippling labor strike?
Fool contributor Rich Smith reached out to the warring parties to find out just that. Watch the video, and find out what's really at stake in these negotiations.
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The article Boeing's Bullying Could Backfire originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of General Electric. Motley Fool newsletter services recommend Spirit AeroSystems Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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