Boeing and SPEEA Reach Tentative Agreement On Contract Offer | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.15.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.15.15

 

Wed, Nov 16, 2005

Boeing and SPEEA Reach Tentative Agreement On Contract Offer

Employees Could Earn Q1 2006 Payout Based On 2005 Performance

Boeing announced Tuesday it had reached a tentative agreement with the Society of Professional Engineering Employees in Aerospace (SPEEA) on a new three-year contract offer covering nearly 18,000 engineering and technical employees in Washington and Oregon. The best news for Boeing, however, is that SPEEA is recommending employees ratify the contract.

"We've extended a respectful and very competitive contract offer that recognizes the tremendous contributions of our engineering and technical employees and sets a course for creating our future together," said Boeing's Alan Mulally, Commercial Airplanes president and CEO. "We listened carefully to SPEEA negotiators and addressed our employees' top priorities around pay, incentives, health care and retirement, in a contract offer that enhances our competitiveness going forward."

Under terms of the contract proposal, Boeing has agreed to review with SPEEA the company’s annual salary market analysis for 2007 and 2008. At that time, Boeing will determine if increases to the salary adjustment funds are needed to keep employee pay competitive with other companies.

The offer also includes an incentive pay plan that allows SPEEA-represented employees to share in the company’s financial success and align with the incentives in place with professional employees throughout much of the company, according to the aerospace manufacturer.

Should Boeing meet its annual operating target, the plan generates a 10-day payout; exceeding the target produces a larger payout, up to double that.

“This contract feature aligns the majority of our salaried employees around our business plan and rewards them for their efforts to continuously improve our quality and productivity and meet our performance goals,” said Mulally.

Improved health care and retirement benefits are also included with the deal, as well as early retiree medical benefits.

Boeing’s contract offer concludes two weeks of intensive negotiations. If it is approved by SPEEA members, the three-year contract extension would go into effect immediately following the current contract's expiration on midnight Dec. 1. 

FMI: www.boeing.com/negotiations

Advertisement

More News

Airborne 05.21.15: Unlawful Photography? REALLY?, VA Flt Benefits, Pilatus 5M

Also: Aerion Takes Orders, API Partner EAA, 'Fly Along' Case Resolved, BASE Jump Tragedy, Electromagnetic Catapult, Gulfstream G650ER, Piper M500 With the FAA still stuck in the mu>[...]

AD: Airbus Helicopters (Previously Eurocopter France) Helicopters

AD NUMBER: 2015-10-05 PRODUCT: Airbus Helicopters (previously Eurocopter France) Model AS365N3, EC155B, and EC155B1 helicopters with an external life raft in the footsteps with cer>[...]

ANN's Daily Aero-Linx (05.22.15)

MILAVIA MILAVIA, military aviation, is what you are going to find here! The site starts with modern combat aircraft, focusing on main fighters, ground attack aircraft and bombers t>[...]

ANN's Daily Aero-Term (05.22.15): Flap Deflection Angle

The angle between the deflected flap and the chord line.>[...]

Aero-News: Quote Of The Day (05.22.15)

“The restrictions that the town has adopted, by its own calculations, would prohibit a significant share of all airport operations.” Source: Excerpt from a complaint co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC