SEATTLE, Oct. 27 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA) and the
International Association of Machinists and Aerospace Workers today reached
a tentative agreement on a new four-year contract covering 27,000 employees
in Washington, Oregon and Kansas. Union leadership is recommending that
employees vote to ratify the contract.
The company retained the flexibility necessary to manage its business,
while making changes to the contract language to address the union's issues
on job security, pay and benefits. The offer provides general wage
increases every year and increases pension benefits. In addition, Boeing is
proposing no changes to the cost share employees currently pay for a
selection of outstanding health care plans.
"This is an outstanding offer that rewards employees for their
contributions to our success while preserving our ability to compete," said
Scott Carson, president and CEO of Boeing Commercial Airplanes. "I thank
both negotiating teams and the federal mediator for their hard work and
commitment in reaching this agreement. We recognize the hardship a strike
creates for everyone -- our customers, suppliers, employees, community and
our company -- and we look forward to having our entire team back."
By mutual agreement, details of the agreement will be released first by
the union. If employees vote to approve the offer, it will end the strike
by approximately 27,000 employees in Washington, Oregon and Kansas.
SOURCE Boeing
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Related links:
http://www.boeing.com
CONTACT:
Tim Healy of Boeing Commercial Airplanes,
+1-206-321-3936
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