Fri, May 18, 2007
Contract Will Be Voted On Sunday
After a month of negotiations,
Boeing announced this week it has reached a tentative agreement for
a new three-year contract with the International Association of
Machinists and Aerospace Workers District 837, which represents
nearly 2,600 workers at Boeing Integrated Defense Systems plants in
St. Louis, MO.
If ratified by the union membership, the contract will provide
approximately $24,000 in additional compensation over the term of
the agreement. The company's pay and benefits package provides an
average of 9.5 percent in wage increases, significant improvements
in retirement benefits, and a comprehensive and affordable health
care program.
"This contract recognizes the contributions employees have made
to the company's success and addresses today's business realities
so that Boeing St. Louis can remain competitive in the years
ahead," said Steve Jacques, IDS vice president of manufacturing and
St. Louis lead for the negotiations. "We look forward to getting
this contract approved so we can continue to meet the needs of our
customers and deliver the amazing products and services they have
come to expect from our team."
Key features of the contract offer to approximately 2,500
represented employees include lump-sum payments of $2,500 in 2007,
and $2,500 in 2008; and a four percent general wage increases in
2007, with another three percent following in 2009.
The contract also offers a 17 percent increase in pension
benefits, to $70 per month for each year of service for employees
who retire on or after July 1, 2007.
Workers are scheduled to vote on the contract Sunday, May 20...
the same day their current contract expires. Workers voted last
month to authorize a strike if a new contract wasn't approved by
that time.
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