Boeing Defense Workers Accept New Contract, Drop Strike Plan
A Boeing plant in St. Louis. The new three-year contract offers new workers an $8,000 lump-sum payment.
Photo:
Alex FLynn/Bloomberg News
Workers at three
Boeing Co.
BA 1.86%
defense manufacturing plants on Wednesday voted in favor of a new contract, the company said, averting a potential strike.
The plants produce weapons and military aircraft including the F-15 combat jet, the T-7A trainer and the MQ-25 refueling drone. Boeing Chief Executive
David Calhoun
said last week that delivery delays would have been likely if workers took industrial action.
The vote by around 2,500 members of the International Association of Machinists and Aerospace Workers at the St. Louis-area facilities follows their rejection of an earlier proposal last month.
“With the solidarity of our members we were able to secure an outstanding contract,” said Tom Boelling, president of IAM District 837, which represents workers at the facilities.
The union leadership had recommended members accept the revised Boeing offer. The new three-year contract offers new workers an $8,000 lump-sum payment and scraps earlier plans to cut company contributions to employees’ 401(k) savings plans.
Boeing said it welcomed the outcome of the vote.
Write to Doug Cameron at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
A Boeing plant in St. Louis. The new three-year contract offers new workers an $8,000 lump-sum payment.
Photo:
Alex FLynn/Bloomberg News
Workers at three
Boeing Co.
BA 1.86%
defense manufacturing plants on Wednesday voted in favor of a new contract, the company said, averting a potential strike.
The plants produce weapons and military aircraft including the F-15 combat jet, the T-7A trainer and the MQ-25 refueling drone. Boeing Chief Executive
David Calhoun
said last week that delivery delays would have been likely if workers took industrial action.
The vote by around 2,500 members of the International Association of Machinists and Aerospace Workers at the St. Louis-area facilities follows their rejection of an earlier proposal last month.
“With the solidarity of our members we were able to secure an outstanding contract,” said Tom Boelling, president of IAM District 837, which represents workers at the facilities.
The union leadership had recommended members accept the revised Boeing offer. The new three-year contract offers new workers an $8,000 lump-sum payment and scraps earlier plans to cut company contributions to employees’ 401(k) savings plans.
Boeing said it welcomed the outcome of the vote.
Write to Doug Cameron at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.