BOEING / SPEEA Main Table
Negotiations on Day 12
November 11, 2008
Boeing WellnessBoeing Benefits and CompensationBoeing Employee/RetireeBoeing International Pay & BenefitsBoeing Incentive PayBoeing Assistance ProgramAchieve SolutionBoeing Emergency Information
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Monday, Nov.11

SPEEA AND BOEING had a tentative agreement on employment stabilization about the last non-economic issues and continued discussions including vacation, sick leave and holidays.

SPEEA AND BOEING will continue to discuss focus on the economic areas within the contracts issues on Wednesday, November 12, 2008.

The Boeing Company and its employees share the responsibility to control costs as proactive health care consumers. Employees in most locations have a choice of several types of medical plans.

The Boeing plans generally provide coverage:

Preventive care, medical services and supplies, prescription drugs, vision, dental, and mental health and substance abuse treatment. Boeing also provides basic insurances (life, accidental death, disability, and business travel accident) and the opportunity for supplemental insurance coverage and spending account plans.

Total Retirement Income Pension Plans:

Through Boeing's savings plans, you can save for your future financial needs.

Boeing offers a savings plan with:

A 401k feature, called the Voluntary Investment Plan (VIP).

You may enroll anytime after your date of hire. As you contribute, Boeing matches a percentage of your contributions each pay period and you are immediately vested, making your savings grow even faster.

The VIP offers a number of different investment options for your pretax or aftertax contributions.

Total Retirement Income Pension Plans:

Boeing offers pension benefits -- in addition to savings benefits -- for most employees as another source of retirement income.

Your pension and savings plans, along with Social Security and your personal savings, work together for your future retirement income.

In general, pension benefits are paid for by the company, insured by the U.S. government, and grow steadily while you work at Boeing.

 

STRESS LEVELS CAN RISE MAKING YOU VULNERABLE TO ILLNESS. BOEING WELLNESS.COM OFFERS GREAT PROGRAM TO HELP YOU PREVENT THE STRESS

 

Employee Assistance Program can help you manage stress:

Boeing Employees eligible for one to six telephonic counseling sessions with a prfessional counselor at no cost.

Flu Prevention Program:

According to the Mayo Clinic, a yearly flu shot is up to 90 percent effective in preventing influenza in healthy adults

Free flu shots will be offered to employees at worksites across the country during November and December. Non-Boeing Personnel can also receive shots for $21.

 

The Quit For Life Program (can help Quitting tobacco):

Boeing offers the Quit For Life Program: The program features:

One-on-one telephonic sessions with professional Quit Coaches.

Free nicotine replacement therapy products.

Weight Calls to help manage weight while quitting

The quit for life program is Free for Boeing employees, spouses, same-gender domestic partners, and dependents 18 and older. The program is completely confidential.

To learn more and started: www. BoeingWellness.com and click on "Quit Tobacco".

Although Boeing continues to cover the best benefit coverage around the world and leading the world best Commercial Airplane and Integrated Defense Space Company, the share value is continue to down and global crisis to be adjusted and fix. There will be a special meeting in Washington DC, November 15, 2008 with the Global Leaders around the world to discuss and support the global crisis issues.

Because of the impact of the recent crisis such as the illiquidity in the credit markets, bank failures, central bank and government response to rescue financial institutions will continue to ripple affect in globally and U.S business challenges and difficult decisions ahead for many companies.

The crisis has led to a liquidity problem and the de-leveraging of financial institutions especially in the United States and Europe, which further accelerated the liqudity crisis. World political leaders and national ministers of finance and central bank directors have coordinated their efforts to reduce fears but the crisis is ongoing and continues to change, evolving at the close of October into a currency crisis with investors transferring vast capital resources into stronger currencies such as the yen, the dollar and the Swiss franc, leading many emergent economies to seek aid from the International Monetary Fund.

The economic is continue to down and the last Boeing stock was 43.97 and plunged down $2.17 in one day yesterday, November 11th, 2007. The financial and credit crisis of 2008 has reshaped the financial services industry dramatically in the United States and worldwide.

 

 



Monday, Nov.10

SPEEA AND BOEING continued main table on Monday, Nov. 10, 2008.
Productive discussion, good communication and reached tentative agreement on the use of non-Boeing labor. Both the company and the union were complimentary of the following work done to address key areas of concern for SPEEA Recognizing that:

Boeing’s direct technical and engineering team is the foundation of our competitiveness.

it is in the best interest of the company, the union and employees to keep SPEEA

SPEEA: Boeing’s business strategies and plans regarding the use and Giving SPEEA regular opportunities to provide input on non-Boeing labor and subcontracting.

Made progress and Tentative agreements on: other non-economic issues, including voluntary layoffs with benefits and part-time employment.

SPEEA continue to focus on wage, the economics of medical benefits and retirement issues. In addition, early retiree medical, outsourcing and Utah issues.

The main discussion will continue to work on compensation and benefits on Tuesday, Nov. 12, 2008 and Expecting to have the final agreements for this week.

The parts of pay: Pay can include several components:


Base pay
Additives (shift differential, weekend differential, overtime).
Paid time off (sick leave, holidays, vacation, jury duty, etc.)
Incentive pay (Employee Incentive Plan, cash awards, stock grants, gainsharing plans and other performance-based bonuses, and lump sum wage payments) .
Employer-payments to Social Security, workers comp and other government programs.


Boeing Unsung benefits: In addition to health benefits (medical, dental, vision), Boeing provides a variety of group benefits. Often, these are benefits that people don't think about: (7a)(8)-ch11


Pre-tax, annual reimbursement accounts for health care and dependent care.
Life insurance (basic and supplemental).
Short- and long-term disability plans
Business travel accident insurance .
Accidental death and injury coverage.
Layoff benefits .
 

These benefits plans have some little-known features to help employees, especially in times of need. For example, many of Boeing's life insurance plans have an accelerated benefit feature. If the employee or spouse becomes terminally ill while covered under the life insurance plans, they may be able to receive up to 50% of their life insurance benefit.

The Boeing is the world leading aerospace and defense industry and covers the best intrest for the employees benefit include international converages.

The Boeing Recognizing the value you and other employees bring to the Company, Boeing seeks to provide a competitive total pay and benefits package which degined for:

Meet the needs of a diverse workforce and changing business conditions.
Be competitive within the market place in which we compete for talent.
Provide a broad range of financial and non-financial rewards and protection to employees and their families.
Reinforce pay for performance.
Support Boeing's global growth.
Reduce employee and retiree health care cost trends, while maintaining quality and encouraging consumerism.
Ensure that total retirement benefits support workforce goals.

 

Boeing covers excellent wellness and preventive care.

You can see your own coverage and preventive care: Boeing Wellness

Getting annual wellness screenings is one of the most important steps you can take to help maintain your health. Screenings can help identify risk factors early, which helps detect and prevent serious health conditions from developing. BoeingWellness will provide FREE and CONFIDENTIAL screenings. The BoeingWellness even provides the Calendar that you can schedule your own.

The EIP is an another incretible Boeing Benefit coverage, The Employee Incentive Plan (EIP) is an incentive program, provides cash bonuses of between 1 and 20 days of additional pay to eligible employees if the Company achieves annual economic profit objectives.

Boeing Employee Assistance Program adds employees motivated life which makes the good news that you're not alone.

The offers wonderful program for The Employee Assistance Program (EAP)is a confidential service designed to connect Boeing employees and their families with experienced counseling professionals for help with personal problems and issues. Additionally, the program offers limited free legal and financial advice and referral, training, and access to helpful online articles. The program is available to all employees and their eligible dependents throughout the U.S. at no cost..Services Offered, Counseling, and Legal and Financial Consultation.

Boeing Leadership Center: is an another leading classic case for the Boeing coverage Bringing Boeing leaders together from all across the enterprise, the Boeing Leadership Center (BLC) works in partnership with the business units to provide leadership development opportunities that translate to on-the-job successes.

The BLC allows leaders, from first-line managers to senior executives, to share what they're doing and what they're learning, as well as exchange techniques and best practices. Curriculum designs are based on current research and leadership programs use concepts such as intensified action learning, simulations, and leaders teaching leaders..

The Boeing Benefit package source is available via website to all Boeing Employees include Retirees: Boeing TotalAccess is the source for Boeing pay and benefits information such as health and insurance, pension, and savings. Employees and plan participants also can reach the benefits service centers through Boeing TotalAccess on line or by telephone, as described here. Boeing employees can access TotalAccess via internal, You can log for Retirees: on to My Boeing Expres to see all about coverage include: Boeing pay and benefits information such as health and insurance, pension, and savings.

For Wholly-Owned Subsidiary employees: Some subsidiary employees may be able to access the Boeing Employee Discount Program and reach these benefits service centers: For assistance, you may refer to TotalAccess at 866-473-2016. For TTY/TDD service call 800-755-6363 for Health and Insurance Plans .

Boeing presented a "First, Full Offer" on Thursday, Nov. 6, 2008 For SPEEA which covers outstanding initial offer which provides salary adjustments every year, pension increases and excellent health care benefits with significant enhancements for wellness and preventive care.

Doug Kight, Human Resource Vice President, is communicating to the managements to share the message with the employees to make sure that the employees are aware of the posted Boeing fact sheets and SPEEA updates.

Many SPEEA members are understand the economic situation, bankrupt, shuting down the companies, lay offs, and so on. Many SPEEAs hoping that there are no lay-offs in Boeing for them although they have heard some lay offs coming up in Boeing.

Boeing share value down more than 40 shares since April 2008:



 

Global economic is in crisis and the Boeing try to retain the share value as production produce although stock market plunged down more than almost $1.50 in one day.

Reported by Catch4all.com, Sandra Englund, November 10th, 2008.

Reference:

Boeing Wellness

Boeing Employees/Retirees: Employee Incentive Plan

Boeing Employees/Retiress: EAP coverage

Boeing Leadership Center

7a) Boeing Frontier

(8)-ch11) Disability, Life, and Accident Plans

---------------------------

GM employees brace for more bad news

Boeing SPEEA Update

President George Bush Discusses The Economy

Boeing News4

World Best Aerospace and Defense Space Boeing Company


Thursday, Nov.6

Boeing Made "First, Full Offer" on Thursday, Nov. 6, 2008 For SPEEA

The Boeing Company on Thursday presented "first, full offer" for new three year-contracts covering 20,474 engineers and technical workers with updated contract provisions on non-Boeing labor and presented initial economic offers for engineering and technical employees concerning benefits and compensation included.

A high-level outline of medical plan increased

More detail was provided in response to the union's wage proposals.

The documents passed to SPEEA by Boeing in preparation for Friday.

The company has made significant progress toward agreement in recent days included pay increases over each year of the contracts through an annual salary adjustment fund, pension increases and enhanced health care coverage with slight cost increases.

Fact Sheet: The Boeing Company covers higher health care cost than Other peer Employers

Boeing covers outstanding health care plans compare to the other peer employers.

The Boeing Company is committed to absorbing most of the cost increases for health care although the employees pay some share of this cost, but the cost is far less than other companies pay at the most large U.S. Companies.

The health care spending is continues by several measures, health care spending continues to rise at the fastest rate in our history. In 2007, total national health expenditures were expected to rise 6.9 percent -- two times the rate of inflation.1 Total spending was $2.3 TRILLION in 2007, or $7600 per person1. Total health care spending represented 16 percent of the gross domestic product (GDP).


Total Spending Health Care 2007
Per Average of Boeing SPEEA-represented employee
Vs National Health Expenditures per person 1
and vs. Other Peers


Looks like there are no single solution to health care’s high price tag. What we do know is if the rate of escalation in health care spending and health insurance premiums continues at current trends. The national survey shows that the cost of inaction will severely affect employer’s bottom lines and consumer’s pocketbooks. The worst thing is KC-767 Tanker deal, $35.00 Billions distructed Boeing's plan which have been excited producing the suppliers, partners, engineers, Mfg technicians plan to have so much to add on to the Boeing's benefit packages. Air Force KC-X budget plan have been push to a new President-Elect Obama Barack's 2010 budget which gave the less share value plan for the Boeing Company. Until the sustaining procurments making the productions, the share value is not going to be added to all stake holders and to the employees... around the world.

Some people may not realized that they have the best benefits that they have in Boeing Co. include healthcare and retirement pension. Even the VIP offers the maximum rate of 15 percent in Boeing which you can not even compare with any other companies. Also the world well known Microsoft Company does not have the maximum of rate 15 percent VIP offer. VIP (voluntary Investment Plan) can be part of the retirement benefit that employees can add the choice in Boeing.

SPEEA'S SUPPORT OF KC-767
BUT THE BUSH ADMINISTRATION POSTPHONE THE TANKER $35 billion DEAL
TO THE NEXT ADMINISTRATION "PRESIDENT- ELECT OBAMA BARACK"

The release quoted Gates, saying that “It is my judgment that in the time remaining to us, we can no longer complete a competition that would be viewed as fair and objective in this highly charged environment. The resulting ‘cooling off’ period will allow the next Administration to review objectively the military requirements and craft a new acquisition strategy for the KC-X.”

The worst case is today's U.S. Stocks Tumble in Market's Worst Two-Day Slump Since 1987, after jobless claims jumped and the shrinking economy crushed earnings at companies from Blackstone Group Inc. to News Corp include the Boeing Company. The Boeing stock slumped more than $40. share from $90 since November last year:

Boeing Stock Nov. 2007 to Nov. 2008

S&P 500 energy companies lost 6.1 percent as a group, as oil declined for the third time this week. Crude for December delivery retreated 6.9 percent to $60.77 a barrel, the lowest settlement since March 2007.

There is going to have Global Crisis meeting in Washington mid November this year with the global leaders around the world. Many speeas are wanting to see the production going before the worst case happen and make the share value grow and support the Global Crisis.

The first covers 13,898 engineers and a second contract for 6,576 technical workers. While the majority of workers are in the Puget Sound region, the contracts cover some employees in Oregon, Utah and California. Both contracts expire Dec. 1.

The bargaining units include 20,300 Boeing employees in Washington, Oregon, Utah and California.

Main table negotiations for 700 engineers in Kansas remain on schedule to start Nov. 13.

Provided by Sandra Englund, November 6th, 2008

Referernce:

Mayo Clinic

Health Care Costs

FACTS ON HEALTH CARE COSTS

U.S. Stocks Tumble in Market's Worst Two-Day Slump Since 1987

SPEEA update

FLASH: NO Tanker RFP Til Next Admin

SPEEA.org

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The Boeing has the most advanced edcuation program and management development program via LTD (1) Besides the most compatible benfits the Boeing have, the Boeing also offers unique benefit like - if you receive a layoff notice and you are eligible to retire. The Boeing Company considers that it is very important to understand how the alternative employees to choose would affect the employees' benefits. if you resign than if you retire:

1. How the classification of your departure will affect your benefits.
2. Eligibility criteria for Boeing pension benefits.
3. Sources for more information.

More details you can "Summary of Your Benefits When You Leave The Boeing Company" 3)

SPEEA is concern about the out sourcing, but we need to understand how the Boeing 787 is making. The Boeing 787 assamblies put together for the most fuel efficiency airplane in Everett Mfg Boeing: It allows the Boeing to create a production flow around the world that is very efficient which will make more compatible for the world market driven and to compete, you can see the following image how the 787 Everett assemblies putting together with the harmonized global level and that is how the strong market driven with the more emphasis of Green Environment:

A330 to A380 cases are worse case for the Boeing which is driven by unfair EU subsidies for the Boeing Company and for the world global market which has destructed global hamonized balance and world market crashed and see what is going on around the world. WTO had panel regarding the Airbus unfair EU subsidies in 2007 (6) (7), yet It is still to be resolved....WTO is working very hard on this to resolve this against UNFAIR EU SUBSIDIES. The Boeing has been suffered over 37 years, yet to be resolved by the WTO for this case, the panel to be scheduled. The world market has been crashed with the unknown driven subisides...and the global bank is also in a critical situation to be adjusted. The world leaders to see in Washington soon in November to discuss about the global market to support. Regardless all of these, the Boeing is still the world best known company FOR WORK AND BENEFITS ARE COMPATIBLE LIKE SO MANY UNEMPLOYEES ARE LOOKING FOR THE BOEING JOBS.

Reported by Sandra Englund, Catch4all.com, November 3rd, 2008

Resources:

1) Boeing Learning Center: National Archives

2) Boeing Leardership Center

3) Summary of Your Benefits When You Leave The Boeing Company

Boeing Benefits website:

Boeing Benefit website: internal website

4) Boeing 787: Parts from around world will be swiftly integrated

5) Boeing Closer to Assembling First 787 Dreamliner

6) 2007: Notice of second public meeting in the WTO Dispute

7) The global market continues distorting by The Airbus - EU Subsidies for Large Commercial Aircraft

The Boeing Environmental Report 2008

Resouce: speea.org




Tuesday, Nov. 5

The fifth day of Main Table negotiations:

Non-economic issues, outsourcing.

Made some progress and clarification

SPEEA is waiitng for Boeing's response.

Company negotiators countered SPEEA proposals:

Non-Boeing labor and contractors, Article 9;

Employment stabilization : Letter of Understanding (LOU) 10.

Boeing is in working to process of developing

“We appreciate the effort,” said SPEEA Professional Team Chair Dave Patzwald. “Our members want the ability to provide their engineering and technical expertise so that the resulting decisions regarding outsourcing are sound.”

The two sides continue to work issues regarding:

A pilot program to allow employees to take voluntary layoff
in times of employee surplus.

While the majority of the plan is acceptable, the union
continues to press for the best plan for members.

Voluntary layoff is an issue remaining from the 2005 negotiations.

A discussion regarding employee benefits, including:

Medical plans and retirement issues, remains pending.

Negotiations to secure new contracts for SPEEA Professional and Technical units resume Wednesday morning.

The bargaining units include 20,300 Boeing employees in Washington, Oregon, Utah and California.

Main table negotiations for 700 engineers in Kansas remain
on schedule to start Nov. 13.

 

Provided by Sandra Englund, November 4th, 2008

Referernce: speea.org

----------------------------------------------------------------------------------------------------------

The Boeing has the most advanced edcuation program and management development program via LTD (1) Besides the most compatible benfits the Boeing have, the Boeing also offers unique benefit like - if you receive a layoff notice and you are eligible to retire. The Boeing Company considers that it is very important to understand how the alternative employees to choose would affect the employees' benefits. if you resign than if you retire:

1. How the classification of your departure will affect your benefits.
2. Eligibility criteria for Boeing pension benefits.
3. Sources for more information.

More details you can "Summary of Your Benefits When You Leave The Boeing Company" 3)

SPEEA is concern about the out sourcing, but we need to understand how the Boeing 787 is making. The Boeing 787 assamblies put together for the most fuel efficiency airplane in Everett Mfg Boeing: It allows the Boeing to create a production flow around the world that is very efficient which will make more compatible for the world market driven and to compete, you can see the following image how the 787 Everett assemblies putting together with the harmonized global level and that is how the strong market driven with the more emphasis of Green Environment:

A330 to A380 cases are worse case for the Boeing which is driven by unfair EU subsidies for the Boeing Company and for the world global market which has destructed global hamonized balance and world market crashed and see what is going on around the world. WTO had panel regarding the Airbus unfair EU subsidies in 2007 (6) (7), yet It is still to be resolved....WTO is working very hard on this to resolve this against UNFAIR EU SUBSIDIES. The Boeing has been suffered over 37 years, yet to be resolved by the WTO for this case, the panel to be scheduled. The world market has been crashed with the unknown driven subisides...and the global bank is also in a critical situation to be adjusted. The world leaders to see in Washington soon in November to discuss about the global market to support. Regardless all of these, the Boeing is still the world best known company FOR WORK AND BENEFITS ARE COMPATIBLE LIKE SO MANY UNEMPLOYEES ARE LOOKING FOR THE BOEING JOBS.

Reported by Sandra Englund, Catch4all.com, November 3rd, 2008

Resources:

1) Boeing Learning Center: National Archives

2) Boeing Leardership Center

3) Summary of Your Benefits When You Leave The Boeing Company

Boeing Benefits website:

Boeing Benefit website: internal website

4) Boeing 787: Parts from around world will be swiftly integrated

5) Boeing Closer to Assembling First 787 Dreamliner

6) 2007: Notice of second public meeting in the WTO Dispute

7) The global market continues distorting by The Airbus - EU Subsidies for Large Commercial Aircraft

The Boeing Environmental Report 2008

Resouce: speea.org

 


CANCELLATION - THEN, THE BOEING NEEDS TO LAY OFF WITH NO PROGRAMS/CONTRACT FROM THE CUSTOMERS


UNITED AND STAND TOGETHER !!

Support the economic to recover.

GLOBAL ECONOMIC COULD BE SEVERE and LONG:
IT HAS BEEN GROWING FEAR

STOP STRIKE !!



Global Economic growing fear :
Global recession could be severe:
October 24, 2008:NEWS


Global Economic Growing Fear





Glenn Beck describes the economy will get worse.
Let's just hope that there are no layoff at Boeing.
LOOK AROUND THE CURRENT AND FUTURE SITUATION
IT IS WISE GOING BACK TO WORK AT BOEING BEFORE IT GETS WORSE. LETS HOPE THERE ARE NO LAY OFFS AT BOEING COMPANY.




Click to see the Video

Global CrisisBeforeNov_15_08WashingtonSummit



 

The community leaders, employees' families, and the tax payers want end the strike. The Boeing is the main industry to maintaining the global economic. Your profit share has to grow. Many are already complaining that the IAM strike is hurting their families and communities. How can the Boeing trust and rely on IAM if the IAM continue to strike every time new contract is there regardless the Boeing Company offered the best and the most compatible labor contract.

The Boeing may have to consider this situation very seriously for this case. The Boeing Company should make the urgency call for out-sourcing in order to meet the customers' schedule if the strike is continue.

Although IAM continues not to cooperate with the economic situation and with the circumstances: IAM is continue to wait: see the following Strike Update from IAM, dated October 25, 2008 and October 26, 2008. Although, I am is now tentetively agreed on October 27, 2008.

Strike update - October 25, 2008 Union negotiators continued meeting with the federal mediators and Company negotiators throughout Saturday and into the evening with additional talks scheduled for Sunday. As previously reported, no details of the talks will be available until this round of talks have concluded.

Strike Update - October 26, 2008 Contract talks continued late into the evening Sunday and will resume first thing Monday morning. No details will be released until this latest round of contract talks have concluded.

Update October 27, 2008 - Machinists in Tentative Deal with Boeing

The International Association of Machinists and Aerospace Workers (IAM) announced today that it reached a tentative agreement with the Boeing Company on a contract that will provide job security for its members and limit the amount of work outside vendors can perform in the workplace.

The agreement was hammered out over a five-day period with assistance from federal mediators and participation at the bargaining table by IAM International President Tom Buffenbarger and IAM General Vice President Rich Michalski. Additional resources and technical support was provided by various departments at IAM headquarters.

Job security and the use of vendors were key issues in the strike that began on Sept. 6, 2008. Among the other issues resolved in the latest round of bargaining were wage rates, health care benefits for current and future employees, pension improvements and work rule changes designed to improve productivity.

Full details of the 4-year accord will be withheld until they can be compiled and distributed to IAM members in all Boeing locations.

The tentative agreement has the unanimous endorsement of the IAM negotiating committee and will be presented to members for a ratification vote, which will take place in 3-5 days. A simple majority is required to ratify the tentative agreement.

"After 52 days of striking, we have gained important and substantial improvements over the Company's last, best and final offer that was rejected on September 3rd. Your solidarity brought Boeing back to the table and made this Company address your issues," stated District 751 President Tom Wroblewski. "Each of you stood up and did your part to win this battle, which was a fight against more than just Boeing, but against corporate America. Boeing is profitable because of our members' hard work and by standing together our members ensured they receive a bigger share of those profits."

"This tentative agreement is the result of hard work and great sacrifice by many people," said IAM Aerospace Coordinator Mark Blondin. "But no one deserves more credit than the workers at Boeing, who conducted themselves with dignity and determination throughout this ordeal. On behalf of the entire negotiating committee, I want to say it has been our honor to serve as their representatives.".


One thing we all should understand what is the customers requirements. It is strickly by the customer driven contract. If the customer provide enough money to allocating for the workers by the market driven. We should be able to see the job security within the program as long as the program is sustainining. The procurement must sustaining then, job security would be appropriate by the customers requirement. We should be able to make the
Product everyday. Without the product, there are no job security. When the productivity is grow then, the job will be secure as long as the Boeing products: "quality goods and services" are delivered and continue to making the products. The Job security should be driven by the customers procurement "Sustaining".

 

We all are expected to see STOP STRIKE and support the ECONOMIC CRISIS and GLOBAL ECONOMIC CRISIS !!!!!!!

 

THAT MEANS, PLEASE GO BACK TO WORK AND GET PAID FULL PAY BY THE COMPANY: The Boeing Company that you can increase your production: share value and benefits.

Here is one of the good examples that we want to share : see on 787 operations: The circumstance need significant changes needed due to the strike and if it continues....

The companies and other labors needs strong back up to support the customers to meet the customer schedule......

Click to see more detail

Photo Credit: FlightBlogger - June 2008. Dreamliner Five, Six, Seven and Eight at Vought Aircraft Industries in North Charleston, SC.
"In response to the Boeing IAM strike, we have modified our operations and reached an agreement with Boeing to minimize impacts on our operating results, working capital and liquidity," said Steve Davis, vice president and general manager, Vought Commercial Aerostructures Division. "In addition, we have put in place our contingency plan in response to the Nashville strike."

Vought Aircraft Industries is responsible for the fabrication of aft fuselage Sections 47 and 48 of the Boeing 787 Dreamliner in North Charleston, SC.

Vought Aircraft Industries is responsible for the fabrication of aft fuselage Sections 47 and 48 of the Boeing 787 Dreamliner in North Charleston, SC.

In addition, over the next 30 days, Vought will be reviewing a number of additional contingencies including possible temporary shut down of the entire North Charleston facility

 

 

"This is a challenging time for all of us who support the Dreamliner program," said Joy Romero, vice president and general manager, 787 Program. "Since the beginning of the Boeing strike, we've been looking at ways to mitigate potential employee job loss in North Charleston, including the initial reduction of outside contract labor. We plan to work with our employees to identify temporary redeployment opportunities at other Vought locations, where possible."

Click to see more detail

 

The strike will cost Boeing about $100 million in revenue per day and knock about 1 cent per day off earnings per share, Longer strike will employees' share value will go down and reducing own values and even reducing the other benefits as well due to the production issues, according to Wall Street analysts. The walk-out by the IAM is the fourth at Boeing in 20 years. The union struck for 48 days in 1989, 69 days in 1995 and 28 days in 2005. In 2002, a contract was adopted by default, as it was rejected by workers but fewer than two-thirds approved a strike. As we all know about this, Regardless the economic crisis and minus profit for 2008 Boeing's earning, the Boeing offered the BEST AND FINAL Boeing's "best and final" contract offer this time around was delivered to union members 46 days ago, proposing an 11 percent wage increase over the three-year life of the contract, a one-time lump sum and ratification bonus.

You will be able to see the detailed benefits via the company online calculator suggests that health care accounts for about 12 percent of that total, and pensions 6 percent.

IAM, October 22nd, 2008, stated that "Despite the turmoil and financial conditions of Wall Street, Boeing remains highly profitable with a record $349 billion backlog (up 7%). "

Boeing and the International Association of Machinists and Aerospace Workers (IAM) agreed late Monday to return to the bargaining table Oct. 23 under the auspices of federal mediators to resolve a strike that will be in its 47th day by then.

BACK LOG DOES NOT CALCULATES THE PROFIT UNTIL YOU HAVE THE PRODUCTION AND DELIVER THE AIRPLANES.

Many community leaders believe that the IAM is not being fair to the Boeing Company. KC-X tanker contract has been canceled until the next year's budget. The economic is very bad, unemployment rates are growing however, the Boeing Company has offered the most and best labor contract. The jobless people want to have job at Boeing.

We the communities and tax payers want the strike to be ended as soon as possible and support the economic to recover.

 

THE Boeing stock market down more than 35 per share since April, 2008
Yet, The Boeing BEST AND FINAL OFFER WAS OFFERED 11 PERCENT INCREASED SINCE LAST CONTRACT



The Boeing stock market had big drops and big down more than 30 shares from 78 since. The economic is bad and analysts are not optimistic yet: credit and bank loan crises include global inflation, we all should consider families, communities and country and global market to recover.

Look around the situation what's look like the economy. IAM also understand the situation that the Boeing would had more manufacturing job opening for more than 50 state: “Awarding this contract to Boeing would preserve a key a manufacturing sector and provide real economic stimulus for Boeing workers, vendors and communities in at least 30 U.S. states,” said IAM President Tom Buffenbarger."

This is not the time to asking for impossible stuff to asking. It is time to support the families, communities, country and suppliers and partners, and the Boeing customers who are loyal to the Boeing Company regardless the economic down turn. Be thankful you have a job at Boeing, the best company in the World.

The 2008 Pay & Benefits Profile update is available via
online Total Access.

Rev7 October 30th, 2008, Rev6 October 29th, 2008 Rev5 October 26, 2008,Rev 4, October 25, 2008, Rev 3, October 24th, 2008. Rev 2, October 22nd, Rev 1. October 9th, 2008

ON BEHALF OF COMMUNITIES AND ALL ....

Sandra Englund, Community Leader, Community Advocator

Source:

SPEEA Website

IAM website


Glenn Back- What's Coming

wikipedia

EDGAR online

Boeing News

Boeing Negotiation

Yahoo.com

Wall Street News

Flight Blogger


Click to see 787 Dreamliner

787 DREAMLINER Accomplishes Major Mileston : POWER ON

The Biggest
in the World
Boeing Airplane 747-8

You Will Never Forget Dreamliner 787

G8 Summit 2008 ( Toyako, Japan)

Boeing Global Corporate Citizenship

Advanced Air Refueling System: Global Air Fuel Tanker KC-767


The Most Advanced Boeing KC 767 Tanker: MORE THAN 75 YEARS OF EXPERIENCE

Catch4all Global Master III (C17)


Catch4all Thanks To Heros - Global Master III (C17)


We do not need another 30 years of EU subsidies.
Approve KC-767 Tanker for Boeing Company



Experience and Feel the The Most Experienced around the world
" Global KC-767 Tanker "
(Aeronavali, Boeing, GE-Aviation, Honeywell, Pratt&Whitney, Rockwell Collins, Smiths Aerospace and Vought)


Boeing: The Transformation of Air Transport

Boeing 787 Dreamliner - Congratulations!

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