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Yo_Mama_Been_Loggin

(115,271 posts)
Wed Oct 23, 2024, 09:13 PM Oct 23

Machinist union members reject Boeing's new contract offer; strike goes on

Source: MYNORTHWEST

UPDATE (10/23, 7:10 p.m.): Boeing factory workers vote to reject contract and continue 6-week strike, The Associated Press reports.

This story is developing. Check back for updates.



Read more: https://mynorthwest.com/4000985/boeing-vote-new-contract/
8 replies = new reply since forum marked as read
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Machinist union members reject Boeing's new contract offer; strike goes on (Original Post) Yo_Mama_Been_Loggin Oct 23 OP
I hope they are all voting for Harris mdbl Oct 23 #1
Not surprised MichMan Oct 23 #2
Boeing didn't include a pension in the deal wolfie001 Oct 23 #3
If that is the case, they are going to be out a long time MichMan Oct 24 #5
Yes, it doesn't look good wolfie001 Oct 24 #6
I think the goal is to get those 401ks replaced with a formal pension IbogaProject Oct 24 #7
Pension starting now from zero or retroactive to when the last one was ended? MichMan Oct 24 #8
So happy for the labor movement BaronChocula Oct 23 #4

wolfie001

(3,627 posts)
3. Boeing didn't include a pension in the deal
Wed Oct 23, 2024, 10:36 PM
Oct 23

That was the deal breaker. Just learned that from a local news outlet that interviewed the strikers.

MichMan

(13,163 posts)
5. If that is the case, they are going to be out a long time
Thu Oct 24, 2024, 06:27 AM
Oct 24

Making an assumption that they want the pension to include retroactive credit for all the previous years since it was replaced by a 401K ten years ago instead of starting back up new.

Since the 401k plan includes company contributions as well as anything they put in, that would mean they expect Boeing to fund two retirement plans for that 10 year period. I can't see any employer going for that.

IbogaProject

(3,647 posts)
7. I think the goal is to get those 401ks replaced with a formal pension
Thu Oct 24, 2024, 02:36 PM
Oct 24

There must be a way to do that but Boeing wants to avoid owing a pension.

MichMan

(13,163 posts)
8. Pension starting now from zero or retroactive to when the last one was ended?
Thu Oct 24, 2024, 02:43 PM
Oct 24

The former pension plan was ended in 2014. Someone hired that year would have now been in the 401k plan for 10 years now. If that is replaced with a pension, would that person have 10 years vested or zero?

I'm not sure what they are asking for.

BaronChocula

(2,517 posts)
4. So happy for the labor movement
Wed Oct 23, 2024, 11:05 PM
Oct 23

We all need to show those making the bigger salaries that they don't hold unlimited power and they have lesser paid workers to answer to.

The profit pissing game these corps compete in come at the expense of worker pay. There is plenty of money to go around. Companies can afford to pay workers fair and livable wages. That is a choice. It's up to workers to force those corporations to make the right choice.

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