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IAM Aproved it on Sept. 29, Thursday.

The Machinests are
In Good Hands TO WORK

AT THE BEST COMPANY

At Boeing

After 28 days, strike is over and the Boeing Machinests are in good hands. Machinists in the Puget Sound region, in the Portland area and in Wichita, Kan., voted 80 percent in favor of a new three-year contract with the company that will give them better pension benefits and less worry about their health insurance costs at current levels. It was the shortest strike for the Boeing company.

Machinest has the most increase and significant increased in pensions without having to give up health care benefits in history.

Per seattlepi, dated September 30, 2005; Since the 1990s, no union in North America has held the line on health care and retiree medical -- costs that have risen dramatically," Blondin said. "Our members did just that in this strike."

Boeing Commercial Airplanes Chief Executive Alan Mulally, too, said he was pleased with the vote results, and now it's time to get back to building airplanes again. "Our focus now shifts to ensuring a smooth restart of our production system and a return to a steady flow of airplane deliveries to our customers," he said in a statement. "Boeing Commercial Airplanes is healthy and competitive. We have tremendous momentum in the market and a very bright future."

Boeing Commercial Airplanes Chief Executive Alan Mulally met secretly in Washington, D.C., with union leaders to try to bring the strike to a quick end. To get back to building airplanes again for customers that need them, the company gave ground on several key issues, and the union leadership recommended that Boeing's revised offer be accepted.

Boeing Commercial President, Alan Mulally believes this settlement provided what IAM-represented employees say they want in this contract, where they want it. It also supports our plan for making continued quality and productivity improvements, which we all know is the key to being competitive and winning new business. And getting an agreement sooner rather than later is the right thing to do for our employees, customers, investors and our communities. Well it ended like what he expected and what he wants to see to exceed satisfaction:

  • A best-in-industry pension multiplier of $70 per month per year of service (Boeing raised its pension offer from $66),
  • Maintaining existing health care plans under the same cost provisions of the 2002-2005 contract,
  • An 8% ratification bonus (average of $5,200 per employee), and
  • $3,000 lump sums in both year 2 and year 3 of the contract, for a total of $6,000.
  • Wichita workers covered by the contract will receive the same economic package as those in the Puget Sound region.
  • Seniority will be part of the selection process for team leaders on the factory floor.
  • Retiree medical will stay the same as in the previous three-year contract.
  • Boeing backed off a proposal to eliminate retiree medical for new IAM hires.
  • Boeing withdrew its proposal for simultaneous machine operation.
  • Boeing restored medical layoff benefits to six months, up from three months in previous offer.

The Interational Association of Machinists represents about 18,400 workers, including about 16,500 in the Puget Sound area.

The Boeing company has done so much to achieve what the Employee want and what Employees need include company's goal to exceed 100 percent satisfaction for the customers, partners, suppliers around the world. The Boeing Company is the NO. 1 quality No. 1 Company Benefit packages among the industry.

It is positive to see Mark Blondin, president of District 751 of the International Association of Machinists and Aerospace Workers, and many union members are very happy with this contract. They approved and They are in good hands TO WORK AT THE BEST COMPANY At Boeing.

Reported By: Catch4all.com, Positive Site: Sandra Englund, September 30, 2005

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