Boeing withdraws 30% pay raise proposal for striking workers amid stalled negotiations.

Boeing has withdrawn its proposal for a 30% pay raise over four years for striking workers as negotiations have stalled, now entering their fourth week. The company cited the ongoing strike and indicated that further discussions seem unproductive. This breakdown exacerbates financial pressures on Boeing, with potential credit downgrades looming. The situation remains tense, as both sides face increasing pressure to reach a resolution.