Machinist talks, Monday edition

Published 9:00 pm Sunday, August 28, 2005

British business newspaper Financial Times peers across the pond this morning to look at the Boeing/IAM contract talks. http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=FT&Date=20050829&ID=5070019

Key Quote: “Byron Callan, ananalyst with Merrill Lynch, said stock market volatility, coupled with the difficulties faced by big US airlines, which have been struggling to fund huge gaps in their defined benefit plans, might make Boeing unwilling to agree to the IAM’s demands. … Analysts have said that Boeing’s recent strong performance has given the machinists more leverage than they have enjoyed in previous rounds of labour talks. Boeing last month raised its profits forecast for the full year, citing higher profit margins. “