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."

PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

China's October official PMI edges down to 50.8China's October official PMI edges down to 50.8
BEIJING (Reuters) - China`s factory sector grew in October but at a pace that was slightly slower than expected, underlining the challenges facing the sector as manufacturers fight rising costs and so...
China's October factory growth unexpectedly slips to five-month low: official PMIChina's October factory growth unexpectedly slips to five-month low: official PMI
BEIJING (Reuters) - Growth in China`s factories fell to a five-month low in October, missing expectations for an expansion as manufacturers battled cooling order growth and rising costs in the slowing...
J.P. Morgan found hackers through breach of corporate event website: WSJJ.P. Morgan found hackers through breach of corporate event website: WSJ
(Reuters) - J.P. Morgan Chase & Co learned about hackers who stole the bank`s contact information for 76 million households and 7 million small businesses through a corporate event that it sponsor...
J.P. Morgan found hackers through breach of corporate event website: mediaJ.P. Morgan found hackers through breach of corporate event website: media
(Reuters) - J.P. Morgan Chase & Co learned about hackers who stole the bank`s contact information for 76 million households and 7 million small businesses through a corporate event that it sponsor...
Herbalife to pay $15 million to settle class action lawsuitHerbalife to pay $15 million to settle class action lawsuit
(Reuters) - Herbalife Ltd <HLF.N> would pay $15 million to settle an 18-month battle over a class action lawsuit brought by a former distributor claiming that the nutrition and supplements com...

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.