Boeing Technicians Approve Four-Year Deal
Boeing technical workers successfully fought to maintain their pay raise pools, but failed to secure a traditional pension plan for new hires. (Photo: SPEEA)
Boeing technical workers successfully fought to maintain their pay raise pools, but failed to secure a traditional pension plan for new hires. (Photo: SPEEA)

Boeing technical workers have approved a new four-year contract that maintains annual 5-percent salary increase pools and guaranteed minimum wage increases each year. Of the 4,898 workers who submitted ballots, 4,244 voted to accept the same deal a narrow majority rejected on February 19. Society of Professional Engineering Employees in Aerospace (SPEEA) negotiators told members a second rejection would likely result in a strike due to Boeing’s refusal to move from its position on all outstanding matters of disagreement, most notably the company’s insistence that it abandon its defined pension plan in favor of a 401(k) for all new hires.