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Boeing Union Rejects Contract, Company Could Move 777X Plant
Yahoo finance ^ | 11/14/2013 | Paul Ausick

Posted on 11/14/2013 9:45:52 AM PST by rktman

The International Association of Machinists and Aerospace Workers (IAM) leadership had negotiated a new contract with Boeing that would have taken effect in 2016. The deal called for cuts in wage increases for union members, reduced health care benefits and lower company contributions to its defined benefit retirement plan. Some 67% of IAM members voted to reject the deal, and the union local president said that members had “preserved something sacred by rejecting the Boeing proposal. We’ve held on to our pensions and that’s big. At a time when financial planners are talking about a ‘retirement crisis’ in America, we have preserved a tool that will help our members retire with more comfort and dignity.”

(Excerpt) Read more at 247wallst.com ...


TOPICS: Business/Economy; Extended News; US: Washington
KEYWORDS: aerospace; aviation; boeing; didiots; iam; manufacturing; unions
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Sixty seven% voted to reject. Can you say "Twinkie"? I can only hope that Boeing has the courage to tell them, sorry about that. Remember the increase for health care, just call the obamacare number now. Adios dumbasses.
1 posted on 11/14/2013 9:45:52 AM PST by rktman
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To: rktman

The unions have stood up to the Democrats in Washington State trying to give out “Corporate Welfare”!


2 posted on 11/14/2013 9:51:24 AM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: rktman

The union had a perfectly good opportunity to preserve and extend their job security, and they went ahead and voted against it.

Some 95% of the woe in this world is self-induced.


3 posted on 11/14/2013 9:52:39 AM PST by alloysteel (Men may not always be capable of evil, but they are always capable of incompetence.)
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To: rktman
I have a suggestion:


4 posted on 11/14/2013 9:53:20 AM PST by Gamecock (If you have to be One,be a Big Red One.)
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To: rktman

Call the union’s bluff, move the plant starting tomorrow.


5 posted on 11/14/2013 9:54:02 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: rktman
I am obviously not up on current religious fads, so can someone please tell me when “Unemployment” became “Sacred”?

I wonder what the Holy Vestments look like.

6 posted on 11/14/2013 10:03:35 AM PST by Boiler Plate ("Why be difficult, when with just a little more work, you can be impossible" Mom)
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To: rktman

“Future” Washington state area Boeing worker -
“Ummm, do you want fry sauce with your order?”


7 posted on 11/14/2013 10:04:37 AM PST by llevrok (Obama 2008 : "If you vote for me, aaaaaa, you can keep your country")
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To: rktman

“Will the last person leaving Seattle please turn out the lights?”


8 posted on 11/14/2013 10:07:41 AM PST by Gator113 ( Ted Cruz, Sarah Palin and Mike Lee speak for me, most everyone else is just noise.)
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To: rktman

“We’ve held on to our pensions and that’s big. At a time when financial planners are talking about a ‘retirement crisis’ in America, we have preserved a tool that will help our members retire with more comfort and dignity.”

The unions have been on a tare for some decades now “preserving benefits” in a manner that bleeds jobs from them.


9 posted on 11/14/2013 10:12:12 AM PST by Wuli
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To: rktman

It’s not a coal mine folks, it is an airplane. An airplane can be built anywhere and moved anywhere. It is the nature of the beast.

Do they use union made bullets when they shoot themselves in the foot?


10 posted on 11/14/2013 10:17:48 AM PST by Random Access
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To: rktman

I would recommend that they come to Michigan, but I’m afraid they will bring Seattle people with them.


11 posted on 11/14/2013 10:25:21 AM PST by VanDeKoik
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To: 04-Bravo; 1FASTGLOCK45; 1stFreedom; 2ndDivisionVet; 2sheds; 60Gunner; 6AL-4V; A.A. Cunningham; ...
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12 posted on 11/14/2013 10:26:22 AM PST by EveningStar
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To: rktman

North Carolina bound.


13 posted on 11/14/2013 10:35:14 AM PST by Conspiracy Guy (On the evening of 10/16/13, the ailing republican party breathed its last breath.)
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To: VanDeKoik
As someone posted yesterday on this subject, the union at Eastern Airlines was heard to say, “Full pay till the last day.”
14 posted on 11/14/2013 10:36:09 AM PST by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: Conspiracy Guy

Now watch the government try to stop them from moving it again.

San Antonio is a good place to go too, but Boeing does seem to favor NC


15 posted on 11/14/2013 10:36:12 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: VanDeKoik

“I would recommend that they come to Michigan, but I’m afraid they will bring Seattle people with them.”

Yeah, but the thought of the IAM and the UAW “competing” for the work wouldn’t be pretty now would it? But here’s an idea, build a new A/C plant on the land that used to have the not so good citizens of Detroit living on it.


16 posted on 11/14/2013 10:36:41 AM PST by vette6387
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To: rktman

I’m a Boeing shareholder. BA is up 1% today. Not a huge gain, but it appears to be viewed as a positive in the cold light of financial calculation.

The unions are overplaying their hand everywhere EXCEPT in government, where we appear to have given them the whole shebang at Federal (think SEIU) and local (think NEA, police, firemen).


17 posted on 11/14/2013 10:46:56 AM PST by Pearls Before Swine
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To: Pearls Before Swine

Yep, and those public unions are everywhere. Biggest employers in many localities. Our friends, neighbors and teachers of our children.

And they voted Obama in twice.


18 posted on 11/14/2013 10:58:05 AM PST by polymuser
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To: Spktyr
Call the union’s bluff, move the plant starting tomorrow.

A multi-billion dollar, multi-year proposition. That will delay the 777x rollout and would likely cost Boeing hundreds of orders. I think this is only round one of the contract negotiations and in the end both Boeing and the union will strike a deal somewhere in the middle.

19 posted on 11/14/2013 11:01:27 AM PST by DoodleDawg
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To: polymuser

Some years ago my kids had a guidance counseler who was a pretty cool guy. He was convinced he was the only teacher in the state (MA) who was members of both the NRA and the NEA.


20 posted on 11/14/2013 11:05:41 AM PST by Pearls Before Swine
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