Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Boeing machinists to vote on company's revised offer, union says

Saturday, December 21, 2013 5:33 PM

CHICAGO, Dec 21 (Reuters) - Unionized workers at Boeing Co who resoundingly rejected a proposed contract last month will get a chance to vote on the company's latest offer, the union's national office said on Saturday, despite opposition to the revised deal from local labor leaders.

"I can confirm that a vote will take place," Frank Larkin, a spokesman for International Association of Machinists, told Reuters. "But the date and details are still being finalized."

In November, machinists at the Everett, Washington, plant where Boeing's 777 jet is built voted 2-to-1 against the company's initial offer.

The eight-year contract would have kept production of Boeing's next jet - the 777X - in Washington state. But in exchange, management wanted to replace the workers' pension plan with a 401(k)-style retirement savings account and raise their healthcare costs.

In the aftermath of that vote, Boeing said it would look for other locations to build the 777X, the only jet the company is likely to develop in the next 15 years.

Boeing also came back with a revised offer that included a signing bonus and some concessions. But leaders of IAM District Lodge 751, which represents the 31,000 workers, refused to put it up for a vote, saying the changes were not significant enough.

In an e-mail to Reuters on Saturday, Bryan Corliss, a spokesman for District Lodge 751, said "our leadership is trying to contact our International President for details. As soon as we have them we will pass them on to our members."


This article was from Reuters and was legally licensed through the NewsCred publisher network.

PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Indonesian employers resist workers' calls for higher wages Indonesian employers resist workers' calls for higher wages
JAKARTA (Reuters) - An Indonesian employers association labeled workers` demands for steep annual wage hikes as "unrealistic" on Tuesday, and warned there could be more layoffs at companies struggli...
Thailand approves $3.8 billion stimulus to help stumbling economyThailand approves $3.8 billion stimulus to help stumbling economy
BANGKOK (Reuters) - Thailand`s military government has approved economic measures worth a combined 136 billion baht ($3.81 billion) aimed at boosting spending power in rural areas, as the junta strugg...
KMART pays $1.4 million over allegations it illegally lured Medicare beneficiaries: U.S. Justice Department KMART pays $1.4 million over allegations it illegally lured Medicare beneficiaries: U.S. Justice Department
WASHINGTON (Reuters) - KMART Corp., a U.S. discount department chain owned by Sears Holdings Corp <SHLD.O>, has paid $1.4 million to resolve allegations it violated the False Claims Act, the U.S...
Kmart pays $1.4 million to settle U.S. charges over Medicare inducementsKmart pays $1.4 million to settle U.S. charges over Medicare inducements
WASHINGTON/NEW YORK (Reuters) - Kmart Corp has paid $1.4 million to settle U.S. allegations that it violated the federal False Claims Act by inducing Medicare beneficiaries to fill prescriptions at ...
U.S. says 19 million Takata air bag inflators still need repairU.S. says 19 million Takata air bag inflators still need repair
DETROIT (Reuters) - U.S. safety regulators on Tuesday said that about 19 million defective Takata Corp <7312.T> air bag inflators remain installed in U.S. vehicles, and that no root cause to the...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.