Boeing Statement on IAM Contract Vote

SEATTLE, Sept. 04, 2008 -- Boeing [NYSE: BA] issued the following statement about Wednesday's contract vote by the International Association of Machinists and Aerospace Workers, covering nearly 27,000 employees mainly in Washington, Oregon and Kansas:

"We offered employees the best package of pay and benefits in the aerospace industry," said Doug Kight, Boeing vice president of Human Resources. "We are disappointed with the vote on the contract offer."

"The Federal Mediation & Conciliation Service has asked both parties to meet at a neutral location this week to explore whether an agreement can be reached. Boeing has agreed to participate in this process in an effort to seek a resolution that is in the best interest of employees, our customers and our company. The IAM has agreed not to conduct a work stoppage for 48 hours during the mediation period, and all employees are expected to be at work Thursday and Friday while these talks take place."

Details of Boeing's contract offer to the IAM are available at http://www.boeing.com/2008negotiations/pdf/bafosummary.pdf

Source: Boeing

_______________________________________
According to the Boeing Employees who has been working so many years in Boeing, they addressed that they are satisfied with the Boeing's best and final offer for a new contract. They are concerned that new Boeing IAM employees may not fully understand the Boeing's world aerospace leading pay and benefit coverage's compare to other company. Also only think narrow minded without thinking of global market level. One of the Boeing (IAM) employees, Ms. K expressed that they need to understand the global market brings their job security and stable. She thought that outsourcing is what they are concerned.

Another Boeing employee, Mr. P. expressed that he was satisfied with Boeing's new contract. Even if the KC-767 tanker deal is still in working situation, Boeing still offered the best and final offer for IAM new contract. He was pleased that the Boeing is working hard on KC-767 re-bid for the Air Force tanker deal.

The DOD called for a recompetition after the Government Accountability Office (GAO) urged the Air Force to reexamine 10 of 15 significant issues in Boeing's protest of the contract award. Among the sustained issues, the GAO concluded that fuel costs needed reevaluation. The report stated that "even a small increase in the amount of fuel that is burned per hour by a particular aircraft would have a dramatic impact on the overall fuel costs." The Air Force is now preparing a new RFP for an expedited competition.

A draft of the revised RFP was provided to the contractors on 6 August 2008 for comments. By mid-august the revised RFP is to be finalized. Proposals are due in October 2008 and selection is planned to be done by the end of the year. Senator Patty Murray and Washington State Officials and other states officials are working hard on KC-767 Tanker deal due to the tax payers include Boeing IAM are pushing hard to support for their job security. This contract will be a key to keeping more jobs in Washington State, and many other states in United States include many global partners and suppliers around the world.

On 6 October 2004, the United States requested consultations with the the Governments of Germany, France, the United Kingdom, and Spain (the “member States”), and with the European Communities (“EC”) concerning measures affecting trade in large civil aircraft. “launch aid” The subsidies in question include those relating to the entire family of Airbus products (A300 through the A380).

The Panel expected to complete its work in 2007. On 14 December 2007, the Chairman of the Panel informed the DSB that due to the substantive and procedural complexities involved in this dispute, it now expected to complete its work in 2008.

Hopefully the IAM will understand what is going through with the contract re-bid for KC-767 Tanker deal, and EU subsidies to handle all of these complication to blends with their benefits.

The outcome would be when the workers go on strike, Boeing faces the risk of having to delay 787 Dreamliner airplanes in addition, and many other production will be delay. That means Boeing Employees' incentive pay will be going down and so on, etc..

It sure make sense that Doug Kight, Boeing vice president of Human Resources said that "We offered employees the best package of pay and benefits in the aerospace industry," He is disappointed with the vote on the contract offer. Also The communities and many community leaders are disapointed
. Some says that IAM workers know better than that... "the economic situation, and the world is going through now with many disastraus in many places...."

When you compare with other company and the situation going on now, the Boeing IAM should know better that they have the best pay and best benefit compare to the other companies and compare with the current situation what the Boeing is going through....

Some of the Boeing IAM employees expressed that they better appreciate what they have and they should feel lucky that they are working in Boeing.

Reported by catch4all.com, Sandra Englund September 5th, 2008 Rev.

Source:

Boeing News

Wikipedia

European Communities — Measures Affecting Trade in Large Civil Aircraft




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BOEING's NEW
INCENTIVE PAY

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adding your benefits will
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Reported by Catch4all.com, Sandra Englund, September 5th, 2008.

Sources: Boeing Company:

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