Skip to comments.Boeing may move 777X out of Washington state
Posted on 11/14/2013 3:53:09 PM PST by mandaladon
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the unions dolts?..yep...I blame them but I also blame Charles Hurowitz who sold every asset and bankrupted the company, resulting in a large number of people...salaried and union.. my husband included...in losing their pensions and their medical benefits at retirement...which meant that you could have put in 27 yrs there like my husband and come out of it with a pitiful Pension board pension and no medical, but with the right to buy cobra for $1000 a month..
I do not wish bad things on my state, but the whole budget shennagans count on Boeing and its workers and won’t it be sad if they have to have enough special session to raise more taxes?.....or lay off teachers, something that I really don’t believe actually happens....
Waco, Texas has a good place where they could relocate.
“Dollars to doughnuts they wont be moving to California...”
They plan to close the Long Beach plant.
Right after that tool Inslee gave away the farm to Boeing.
“With the stroke of a pen, Washington Gov. Jay Inslee (D) on Monday signed into law the largest corporate tax break any state has ever given to a single company. And it took just three days of debate in the state legislature to get the measure to Inslees desk.
The new law extends a business and operating tax cut for the aerospace giant through 2040, streamlines the permitting process and invests in a transportation package the company had advocated. Over the life of the package, the deal is expected to be worth $8.7 billion.”
No income tax here in Washington state either.
BUT. You need a permit to have a rain barrel. (In Washington state!!!???)
One of the offers Boeing made was on the pensions. Boeing would chip in 10% the first year, then 8%, then 6% and ending up at 4% per year of the person’s salary. (AVERAGE machinist’s salary is $8
From the Seattle Times December 7, 2011 (right after the last Boeing union contract negotiations):
"The average annual base wage of Boeing's Machinists is $59,000, with typically about 20 percent on top of that for overtime pay."
I live in Nashville and someone would have to hand me a 7-figure check to get me to move. The property values on Music Row are skyrocketing, along with much of the rest of the city. If you include the six counties that border Davidson county and call all of it Nashville/Middle Tennessee, the explosive growth has resulted in 65%-70% of this area being less than twenty years old.
Thanks!! My FR input hung up and my keyboard wouldn’t work - but only on FR last night!!??
I meant to write $85,000 a year. (From some recent article I read. I suppose that includes the overtime, and wonder if it has the added in benefits as well (health insurance, pension, etc.)?
Regardless, it’s not like these people are making $9.19 an hour.
Oh. And my question/point I had was, is a 4% pension contribution by a company on the average a good or bad deal. I guess most companies don’t even do pensions anymore. What is the rate that companies can match one’s IRA contributions?