Boeing’s gambit doesn’t seem to have panned out. That means it is back to the negotiating table with the union.

Amid a union strike over a pay dispute, Boeing has made what it describes as its "best and final offer" to roughly 33,000 striking union machinists, intensifying efforts to end the strike, which has entered its second week.

Boeing and machinists’ union IAM will start “mediated negotiations” in a bid to settle strike action that began two weeks ago.

The union representing Boeing’s striking factory workers in the Pacific Northwest says it expects to resume negotiations with the company on today.

Boeing and its largest union will resume contract talks on Friday in a bid to end a strike that has throttled plane production and hammered the finances of the aerospace giant, the union and company said on Wednesday.

Boeing is giving the union representing striking factory workers more time to consider a revised contract offer with bigger pay increases and more bonus money, but it was unclear Tuesday whether the union would schedule a ratification vote on the proposal.