Boeing Co. says it is freezing the traditional defined-benefit pensions for 68,000 nonunion employees – including managers and executives – starting in 2016.
The company said Tuesday that the wing center will be located north of its Everett factory and sustain thousands of area jobs in the years to come. Construction on the new facility is scheduled to begin later this year.
Boeing lobbyists are throwing a “thank you” party for Washington state lawmakers who helped provide the company with billions in tax breaks.
Even after giving Boeing Co. one of the largest packages of tax breaks in U.S. history, state leaders in Washington told the aerospace giant in a proposal released Wednesday that they were ready to do even more.
Boeing machinists will decide Friday whether to accept a contract that would concede some pension and health care benefits in order secure assembly of the company’s new 777X airplane in Washington state.
Some machinists in the Puget Sound region would likely see their annual base salaries top $100,000 in the coming years under a proposed contract offer from Boeing Co.
Six political leaders have urged machinists in the Puget Sound to accept a proposed contract from Boeing that moves them away from a fixed-payment pension plan — even though the officials have the same type of retirement package.
Boeing Co. told political leaders in the Puget Sound on Monday that this week’s vote by Machinists will determine the fate of some jobs on the new 777X airplane.
Local political leaders in Washington state are gathering to discuss the importance of the 777X airplane.
In an open letter to Boeing CEO Jim McNerney, Ralph Nader said the company’s effort to squeeze worker pensions and pay is “unseemly.” He cited McNerney’s salary as one reason and the tax advantages the company is receiving as another.