Machinists say yes, secure 777X for Everett
Originally published Friday, January 3, 2014 at 10:08 PM
Machinists union members take a pivotal vote on Boeing's contract offer, shaping the future of the aerospace industry here.
Seattle Times aerospace reporter
Contract's key details
The Boeing proposal that Machinists voted on Friday has these major elements:
* Extends current contract by eight years, through 2024
* Ends pension-plan accruals in 2016, substitutes a defined-contribution savings retirement plan. Instead of pension, Boeing contributes to a current employee's retirement account 10 percent of gross pay the first and second years, 6 percent the next year, and 4 percent a year after that. New employees get 4 percent a year.
* Retains the current 401(k) plan (distinct from savings retirement plan), and increases company match to 6 percent of base pay, from 4 percent.
* Maintains the wage progression known as 'zoom,' which moves new hires to top of their grade's pay scale after six years.
* 4 percent general wage increase over eight years, plus cost of living.
* Provides $10,000 signing bonus now, another $5,000 bonus in 2020,
Source: Boeing, Machinists
A contentious two months
Nov. 5: Boeing says it will build 777X jet and its large advanced wings in Washington if Legislature enacts an incentive package and Machinists approve a contract extension from 2016 to 2024, with significant concessions.
Nov. 9: Special session of Legislature approves $8.7 billion in tax breaks if Boeing builds 777X in state.
Nov. 13: Machinists vote by 2 to 1 to reject Boeing's contract.
Nov. 14: Boeing begins search for other sites for 777X wing fabrication and airplane assembly, asking bidders to provide site and facilities at 'no cost, or very low cost.'
Dec. 10: Company and union resume talks. States submit their 777X offers to Boeing.
Dec. 12: Boeing makes 'best and final' offer; District 751 leadership rejects it, says there's no need to vote because it's not much improved.
Dec. 21: Union's national leaders overrule District 751 and schedule vote for Jan. 3. Later, they allow absentee ballots so members who are still on holiday break can vote.
The Seattle Times
Staff reporters Amy Martinez, Coral Garlick, Sanjay Bhatt, Angel Gonzalez, Kyung M. Song and Christine Clarridge contributed to this story. Dominic Gates: 206-464-2963 or dgates@seattletimes.com News where, when and how you want it
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