Boeing trims spending ahead of SPEEA contract vote

Boeing is cutting spending as it waits for its engineers union to vote on a second contract offer, according to a report on the company's labour situation. The manufacturer is preparing for a possible work stoppage.

The vote covers a revised proposal from Boeing to the Society of Professional Engineering Employees in Aerospace, which represents the company's engineers. The union's contract vote is expected within less than a month, the point at which a strike could begin.

Company leaders are said to be weighing both the economics and the mood of the membership as they push for an agreement. Boeing is trying to head off what would be its third major strike in as many years. No details of the latest offer were provided.