For weeks on end, Boeing (BA 3.20%) 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 (GE +1.43%), Honeywell (HON +1.27%), and Spirit AeroSystems (SPR +0.00%). 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.
