Friday, Nov.7

November 7, 2008 SPEEA AND BOEING continued main table on Nov. 7, 2008.

The union counterproposals will continue during a Main Table session with Boeing on Saturday.

SPEEA AND BOEING will continue main table until they have the final agreements next week.

Meanwhile, 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.

SPEEA's Discussions progressed outsourcing (some progress). some medical plans (minor concerned), in Article 3, grievance procedures (made progress). Discussion will be continued on Retirement, Utah issue for next meeting.

Boeing News July, 2008: 2008 and 2009 financial guidance reaffirmed report Shows Second -quarter earnings per share decreased 14 percent to $1.16 per share, on revenue of $17.0 billion and an operating margin of 7.4 percent. Results were affected by the previously disclosed charge for the Airborne Early Warning & Control (AEW&C) program and lower profitablity due to mix and timing in Commercial Airplanes, partially offset by lower centralized costs.

We all know that there is economic crisis, the financial can not be stratched untill the economic crisis is adjusted. President George Bush addressed on October 10th, 2008 that the federal government will continue to take the actions necessary to restore stability to our financial markets and growth to our economy.

The world global leaders are working on the situation very hard. There is a upcoming global leaders meeting will be in Washington, November 15th, 2008 which the worsening financial crisis and the possibility of further cascading effects on the global economy has prompted leaders of the G20 countries to agree to a summit in Washington on 15 November to plan how to avert a deep and prolonged economic crisis, as predicted by some economists.

The worst case is yesterday'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:

In October, 27, Boeing Chairman, President, and Chief Executive Officer Jim McNerney reported that the board of directors declared a quarterly dividend of forty (40) cents per share. The dividend is payable Dec. 5 to shareholders of record as of Nov. 7. These dividend will be increased when the sustaining procurments are there and produce the production in timely manner....

Boeing Stock Nov. 2007 to Nov. 2008

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.

Reported by Catch4all.com, Sandra Englund, November 7th, 2008.

Reference:

GM employees brace for more bad news

Boeing SPEEA Update

President George Bush Discusses The Economy

Boeing News

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.

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

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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

Click to see the Video

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.

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