clearn.png
Wednesday August 17th, 2022 8:53PM

Machinists at 3 Boeing defense plants ratify new contract

By The Associated Press

ST. LOUIS (AP) — Nearly 2,500 workers at three Boeing defense plants in the Midwest voted Wednesday to ratify a contract that their union said will raise pay by an average of 14% over three years and add inflation adjustments.

The vote by members of the International Association of Machinists and Aerospace Workers came less than two weeks after union members rejected an earlier offer and authorized a strike.

A spokesman for Boeing, headquartered in Arlington, Virginia, said the company was pleased with the outcome and looked forward to its future in the St. Louis area.

The three-year contract will take effect Thursday and cover employees at Boeing plants in St. Louis and St. Charles, Missouri, and Mascoutah, Illinois. The workers build several types of military planes.

The union said the new contract includes a provision from the rejected deal that calls for company contributions of up to 10% to employees' 401(k) retirement plans, and it added a $8,000 lump-sum payment that can go into the employee’s account. It also has improvements for sick leave and parental leave, and makes no changes to the workers’ health insurance plans, according to the union.

Workers voted down a company offer on July 24, saying that the retirement benefits were not an adequate replacement for pension plans that had been taken away. Boeing made an improved offer over the weekend.

Boeing is best known to the public for its airline jets, but through the first six months of this year it received more revenue from its defense and space business — about 38% of total revenue.

With labor shortages in many parts of the economy, unions have scored organizing wins this year including at Amazon, Starbucks and Trader Joe's.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Personal Finance, AP Business - Financial Planning
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Abortion vote in Kansas sparks new hope for Dems in midterms
Democrats are celebrating a stunning victory for abortion rights in Republican stronghold Kansas as proof that the issue could turn back a Republican wave this fall
8:01PM ( 20 minutes ago )
Wind-whipped fire leaves Northern California hamlet in ashes
Some evacuation orders have been lifted for towns near a Northern California wildfire that has claimed at least four lives
8:01PM ( 21 minutes ago )
Senate backs Finland, Sweden for NATO 95-1, rebuking Russia
U.S. Senators delivered an overwhelming bipartisan vote ratifying NATO membership for Finland and Sweden
7:57PM ( 24 minutes ago )
Associated Press (AP)
EXPLAINER: Does health care law protect emergency abortion?
The Biden administration has filed its first legal challenge to a state abortion ban since the end of Roe v. Wade with a case that could allow hospitals to keep giving women abortion-related medical care in serious medical situations
7:01PM ( 1 hour ago )
GOP targets for Dem bill: Inflation, taxes, Manchin, Sinema
Republicans see inflation, taxes and immigration as Democratic weak spots worth attacking in the upcoming battle over an economic package the Democrats want to push through the Senate
6:35PM ( 1 hour ago )
Mickelson, others sue PGA Tour over LIV Golf suspensions
The dispute between the PGA Tour and the Saudi-funded LIV Golf series is now in the courts
5:58PM ( 2 hours ago )
AP Business
Growing prescriptions help push CVS past Q2 expectations
CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims helped balance a drop in vaccinations
10:59AM ( 9 hours ago )
How to recession-proof your life amid economic uncertainty
Prices for gas, food and rent are soaring
6:54AM ( 13 hours ago )
Dems seem headed for climate, health win after ups and downs
In a story published July 30, 2022, The Associated Press reported that the Congressional Budget Office estimated that an insulin bill would increase the price of the drug
12:33PM ( 2 days ago )
AP Business - Personal Finance
Amnesty: Taliban crackdown on rights is 'suffocating' women
Amnesty International says the Taliban's “suffocating” crackdown on the rights of Afghan women and girls is destroying their lives
2:38AM ( 1 week ago )
Millennial Money: Can job-hopping help retirement savings?
Millennials are known for changing jobs often, but how does that affect their retirement savings
10:46AM ( 1 week ago )
Touched by Uvalde, Bo Jackson donated to pay for funerals
Former sports superstar Bo Jackson helped pay for the funerals of the 19 children and two teachers who were killed in the Uvalde school massacre in May
6:11PM ( 1 week ago )
AP Business - Financial Planning
Abortion vote in Kansas sparks new hope for Dems in midterms
Democrats are celebrating a stunning victory for abortion rights in Republican stronghold Kansas as proof that the issue could turn back a Republican wave this fall
8:01PM ( 20 minutes ago )
Wind-whipped fire leaves Northern California hamlet in ashes
Some evacuation orders have been lifted for towns near a Northern California wildfire that has claimed at least four lives
8:01PM ( 21 minutes ago )
Senate backs Finland, Sweden for NATO 95-1, rebuking Russia
U.S. Senators delivered an overwhelming bipartisan vote ratifying NATO membership for Finland and Sweden
7:57PM ( 24 minutes ago )
Alex Jones concedes Sandy Hook attack was '100% real'
Conspiracy theorist Alex Jones says he now understands he was irresponsible to declare the Sandy Hook Elementary School massacre a hoax, and he now believes it was “100% real.”
7:54PM ( 28 minutes ago )
EXPLAINER: Does health care law protect emergency abortion?
The Biden administration has filed its first legal challenge to a state abortion ban since the end of Roe v. Wade with a case that could allow hospitals to keep giving women abortion-related medical care in serious medical situations
7:01PM ( 1 hour ago )