Skip to comments.Boeing machinists approve contract securing 777X jet
Posted on 01/04/2014 9:43:20 AM PST by SeekAndFind
SEATTLE/NEW YORK (Reuters) - Boeing's machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions.
The vote of 51 percent to 49 percent to accept the deal means Boeing Co will build its new 777X jetliner and wings in the Seattle area, where Boeing has built aircraft for more than 90 years.
Had the workers rejected the offer, Boeing would have considered making the successor to its popular 777 widebody jet elsewhere, and had received offers from 22 states interested in hosting the new factory.
(Excerpt) Read more at chicagotribune.com ...
49% of the IAM are total fools. Redundant. I know.
Pathetic. All around pathetic.
The Unions have been sold out to China labor by the liberals. Here is the Free trade Unions that was going to give you more work.
So, if you were to get laid off, and then rehired at a later time, would you lose your pension? Had they not approved the new contract, Charleston was ready to take on the plane.
The cost of doing business, necessitates the elimination of Unions that pay too much to the workers in wages/benefits as far as world competition/profits. This is a business after all. Even in South Caroline (non-union), the cost differential is significant in my opinion.
Boeing management are the real fools for negotiating in the first place. They could have saved billions by moving to another state.
So...49% of them are willing to simply throw away their future. Interesting observation on the current state of unions, an anachronism in the current times.
And lost billions while waiting to get the new factory on-line.
They should still go ahead and open up production facilities in SC, TX and elsewhere, and be able to make the 777 in BOTH their unionized, and non-unionized facility. That way, the unions know that any strike just shifts production to the non-unionized plants.
...what follows will be the NEW American business model(greed/scandal/abuse)... followed by bankruptcy/gov. bailout.
Gomorr-ica is sinking.
"The Capitalists will sell us the rope with which we will hang them"...
...make that crony capitalists...
...lack of a moral compass combined with lethargy/ignorance of the sheeple will suffice, no need for the melodramatics of an actual hanging .
Less reported is that some machinists will now make over $100K in straight pay and entry level ones at $28K. With full benefits that includes a matched 401k in exchange for an 8 year deal pretty much guaranteeing work in the Puget Sound region.
Versus empty bellies and lost mortgages.
Crocodile tears, guys. Crocodile tears....
“So, if you were to get laid off, and then rehired at a later time, would you lose your pension? “
No. You are grandfathered and would rejoin under the terms and conditions of your previous employment.
This reduction in benefits is years behind the reductions already implemented with management (not the senior managers like VPs and such).
Managers joining the company back around 2006 no longer would enter a pension program. Previously, when managers joined Boeing they would be enrolled in a pension program AND could contribute to a matching 401(k). Not any longer. They still have the 4012(k) but no longer the pension.
News reports are acting like Boeing is taking it out on the labor force, when it fact, they are the LAST one’s to get hit.
I have no luv for the VP and Presidents of Boeing (they have not taken any reductions in benefits). I have dealt with them and their monumental egos. They are, with few exceptions, the very definition of arrogance. But in this case, they are right.
Management has to deal with the spouse factor. Spouse wants to live in Seattle and not with hicks. Believe me they are making their opinions known to their hubby execs at home.
The union leadership just secured a bunch of perks, raises and who knows what else by counting the votes.
Boeing had everybody over a barrel on this one.
To move into an area Boeing wanted not just the tax credits, but for the state/municipality to provide everything: the buildings, the workers training, the equipment, the utilities, the day care, the computers, the medical care, the backrubs, ....
Unfortunately many were more than happy to oblige.
“Spouse wants to live in Seattle and not with hicks. “
The union idiots in Seattle ARE the hicks.
Nice liberal stereotype you espouse there . The fact is MOST people want to move the Hell away from cities as they are too liberal. The South has been seeing hoards of migrations from liberal bastions like cities.
I was hoping those jobs would have come to Grissom ARB. Governor Pence just gave the Boeing execs a tour last month in hopes of luring them here to the aeroplex outside the base.
grumble, grumble, grrr, grrrr
plenty of them live in monroe and thats the sticks to most living here in the i405/i5 corridor..