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I still know some Boeing employees and followed the recent strike. I think employees have gotten a good package, but they didn't get a return to the legacy defined-benefit pension plan. When I ...
BECU is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area.It was named the Boeing Employees' Credit Union for much of its history and originally served employees of The Boeing Company.
SPEEA was formed in 1946 by a group of Boeing engineers in Seattle, Washington and is an affiliated local union of the International Federation of Professional and Technical Engineers (IFPTE). On behalf of its members, SPEEA negotiates contracts with employers; it also provides assistance with resolving workplace and benefit issues. SPEEA ...
The furloughed employees will keep their benefits and they will be off work for one week out of every four on a rolling basis for the duration of the strike in order to limit the impact on each ...
Well, for one thing, the 401(k) benefits Boeing offered were pretty generous -- at most, a 10% company contribution plus a 75% employer match on employees' voluntary contributions up to 8%.
A strike by about 27,000 machinists at Boeing over outsourcing, job security, pay, and benefits began September 7, 2008. [1] [2] [3] The union, International Association of Machinists, and Boeing appeared unwilling to compromise to settle the strike. The company had 3,700 jets on back order, which union members hoped would put pressure on ...
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The union also wanted to restore traditional pensions that were axed a decade ago but settled for an increase in new Boeing contributions to employee 401(k) retirement accounts of up to $4,160 per ...