Aero-News Alert: Boeing, IAM Reach Tentative Agreement on Three-Year Contract | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Sun, Sep 25, 2005

Aero-News Alert: Boeing, IAM Reach Tentative Agreement on Three-Year Contract

"It could have been a lot worse..." says a Boeing source, to ANN.

The Boeing Company has just confirmed that it has reached a tentative agreement for a new three-year contract with the International Association of Machinists and Aerospace Workers (IAM), which represents approximately 19,000 Boeing employees in the Seattle area, Wichita, Kan., and Portland, Ore.

Union leadership is recommending that its members vote to approve the contract on Thursday. If employees vote to ratify, it will immediately end a strike that began on Sept. 2.

"The new agreement supports our business plan and addresses the key issues raised by IAM-represented employees and the union," said Alan Mulally, president and CEO of Boeing Commercial Airplanes.

Terms of the contract offer include:

  • A pension multiplier of $70 per month for each year of service,
  • Maintaining existing health care plans under the same cost provisions of the IAM's previous contract with Boeing,
  • A ratification bonus equaling 8 percent of each employee's total pay during the past 12 months, which will average about $5,200 per individual, and
  • Two lump sum bonuses, of $3,000 each, which will be paid at the end of 2006 and 2007.

"The total cost to Boeing is similar to the previous contract offer and meets our definition of a reasonable settlement," Mulally added. "It also supports our plan for making continued quality and productivity improvements, which is the key to being competitive and winning new business."

The tentative agreement was reached late Friday. Mulally and Jerry Calhoun, Boeing Commercial Airplanes' lead negotiator and vice president of human resources, represented the company in the settlement negotiations.

The IAMAW Sez...

The IAMAW is recommending that the agreement be accepted and told its membership, "Study the proposal. Every member can hold their head up high and be proud of what we have accomplished together – for you, your families and future workers. Because of all of us, our Union is stronger. Everywhere in America, people have accepted concessions or reduced benefits for the next generation since 9-11. You stood together and said NO and scored a victory for working families across the country."

FMI: www.boeing.com/negotiations, www.iam751.org

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC