Boeing (BA, Financial) saw its stock price decline by more than 2.4%, closing at $152.53. The decline follows an announcement by the International Association of Machinists and Aerospace Workers District 751 (IAM District 751) that mediation talks with Boeing broke down without progress on pension issues.
The union, representing around 33,000 Boeing workers in Washington state, stated that no further negotiation dates are scheduled but remains open to future direct or mediated talks with the company.
