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Boeing workers' efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate the planemaker's shaky ...
The government scrapped its plans to buy 18 new Super Hornets as an interim measure on 12 December 2017 and will instead buy 18 second-hand Australian F/A-18s for an estimated C$500 million (US$388 million). The Canadian government made clear that Boeing will not be considered a trusted partner unless it drops its CSeries trade challenge. [33]
One of the most painful issues dividing labor and management in the strike at Boeing is the loss of the traditional pension plan for union members in 2014. Boeing union members are angry they lost ...
In the rejected contract, Boeing sought to replace those payouts with new contributions to retirement accounts. Boeing said average annual pay for machinists would rise from $75,608 now to ...
Brazil and Canada engaged in an international, adjudicated trade dispute over government subsidies to domestic aircraft manufacturers in the late 1990s and early 2000s. The World Trade Organization decided that Brazil ran an illegal subsidy program, Proex, benefiting Brazilian manufacturer Embraer from at least 1999–2000; and that Canada ...
Boeing has a huge backlog of orders, which it values at more than $500 billion. The company's defense and space business is a major government contractor, although that business too is struggling.
However, in June 2005, Boeing and the United States government reopened the trade dispute with the WTO, claiming that Airbus had received illegal subsidies from European governments. Airbus has also responded to this claim against Boeing, reopening the dispute and also accusing Boeing of receiving subsidies from the U.S. Government. [99]
800-290-4726 more ways to reach us. ... front of a Boeing sign as employees picket after union members voted overwhelmingly to reject a contract offer and go on strike Friday, Sept. 13, 2024 ...