Nearly a month into a union walkout, the aerospace giant withdrew its latest contract offer, and the two sides exchanged blame over the breakdown.

The latest offer included a 30% raise, which was 5% more than its last offer, and a restoration of its performance bonus.

The multi-billion-dollar tab highlights the difficulties facing the aircraft maker, once a byword for American quality.

Boeing will lay off 17,000 workers and delay the introduction of its 777X wide-body plane until 2026, CEO Kelly Ortberg revealed Friday amid an increasingly bitter five-week-old machinist strike.

Unemployment claim numbers rose to 258,000 last week, the highest total in a year. The number of Americans filing for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene—and the Boeing machinist strike—than a broader softening in the labor market.

Tensions are rising between Boeing and the Machinists union after talks between the two parties broke down this week.

Boeing filed a complaint with the NLRB accusing the IAM union of bargaining in bad faith, after negotiations collapsed this week.

The company has about 170,000 employees worldwide, many of them working in manufacturing facilities in the states of Washington and South Carolina

Boeing said it plans to cut its workforce by about 10%, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and

Boeing (BA) announced layoffs Friday, blaming the cuts on an ongoing strike by its union-represented machinists. The company is letting go of 10% of its workforce, which according to its most recent annual report,