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Vote to approve it on Sept. 29, Thursday.

VERY LUCKY TO WORK

AT THE BEST COMPANY

AT BOEING

PEOPLE ARE JEALOUS ABOUT
The
INCREDIBLE OFFER

extended
to Machinists

Media and people keep saying WOW!- Incredible. The Boeing company already offered the best contract but, added more offer. The Boeing really becoming the best company around the world. I agree with Everett Herald Journal, dated September, 28, 05: "It's easy to be jealous. It's easy to look at that contract, expected to win Boeing Machinists' approval on Thursday, and think out loud: "They don't know how lucky they are." A boost in the company-paid pension plan, retiree medical coverage, no increase in health care costs, signing bonuses and lump-sum payments. "Wow! These days, who gets all that? "

According to Boeing 2005 Union Negotiations website: Boeing Commercial President, Alan Mulally's message shows that Tentative settlement Reached in Late Sunday, the International Association of Machinists and Aerospace Workers (IAM) announced that we have reached agreement on a contract offer that would end the strike in Puget Sound, Portland and Wichita.

Boeing Commercial President, Alan Mulally announced that The tentative agreement was achieved late Friday after intense and constructive bargaining between leaders of the IAM, our lead negotiator Jerry Calhoun, and I him.. Union leaders are recommending that the contract offer be ratified by IAM members with a vote on Thursday, Sept. 29. IAM-represented employees would return to work starting on third shift Thursday evening.

The settlement includes:

  • 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.

According to Seattlepi dated September 26, 2005, Richard Gephardt, the former House minority leader who was recently hired by Boeing as a consultant, helped mediate the settlement. The two sides met all day Friday in an office building in Washington, D.C., Blondin said. "It was a good day," Blondin said of the tentative deal that was finally struck late Friday.

Boeing Commercial President, Alan Mulally believes this settlement provides what IAM-represented employees say they want in this contract, where they want it. The total cost to Boeing is similar to the previous contract offer and meets our definition of a reasonable settlement. 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.

Boeing Commercial President, Alan Mulally message shows that additional information on the settlement proposal, including a managers’ Q&A document, are available on our negotiations Web site at http://www.boeing.com/negotiations.

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 will vote on the proposed three-year contract Thursday, September 29, 2005, and he is recommending that it should be accepted.

Reported By: Catch4all.com, Positive Site: Sandra Englund, September 29, 2005

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