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Boeing abandoned the structure in 2014 as part of a deal with union machinists to build its 777X jetliner in Washington, with an aim to curb "the unsustainable growth of our long-term pension ...
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]
A 2019 federal government study of long-term care needs found nearly 70% of retirees will require help with daily activities at some point, whether it’s in-home care, assisted living or a full ...
In 2022, the Belgian government introduced an aviation tax for all airline flights of 10 euros within 500 kilometres, two euros if the destination is located more than 500 kilometres away and within the EEA and four euros outside the EEA. The reason the tax is higher for short flights is because a shift to trains is more realistic for those ...
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.
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:
Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs. As a ...
Darleen A. Druyun (born November 7, 1947) is a retired Senior Executive Service official of the United States Department of the Air Force and a former Boeing employee. In 2004, Druyun pleaded guilty to a felony in relation to her role in the United States Air Force tanker contract controversy, for engaging in corruption while serving as Principal Deputy Undersecretary of the Air Force for ...