Business

<< Previous   of   Next >>   ADVERTISEMENT   Related Stories • Will deal satisfy union? 10/29/08 • Boeing, Machinists reach tentative agreement 10/27/08 • Sticking point for SPEEA? Outsourcing 10/27/08 • Boeing Chief Executive Jim McNerney: 'We want this strike to end' 10/23/08 • Boeing’s profit drops due to strike, no new forecast 10/22/08   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Wednesday, October 29, 2008 Machinists union to post Boeing's contract offer online Associated Press Boeing Co.’s striking Machinists union expects to post a contract offer from the company online Thursday, two days before the union is scheduled to vote on the pact, a union spokeswoman said. Connie Kelliher, a spokeswoman for the International Association of Machinists and Aerospace Workers, said Wednesday the proposal covering 27,000 commercial airplane workers will be available through the union’s Web site. “Our members want to see all of the actual language, not just a summary,” she said. Boeing and union representatives were proofing the contract Wednesday and hammering out an agreement that would determine when union members resume work, she said. Union members are slated to vote on the proposed deal Saturday. Boeing officials have said they hope the union employees in Washington state, Oregon and Kansas will return to work starting next week. The two sides agreed to the proposed contract late Monday after five days of negotiations with a federal mediator in Washington, D.C. Major sticking points included job security and health benefits. The union workers walked off the job Sept. 6 after rejecting earlier contract offers from Boeing, forcing the airplane maker to close its commercial jet factories. The strike, now in its 54th day, is the union’s fourth against Boeing in two decades. The strike has cost the company an estimated $100 million daily in deferred revenue and postponed delivery of its commercial planes, including its already delayed 787 jetliner. It remains unclear how long it would take Boeing’s commercial aircraft business to return to pre-strike production levels. Boeing representatives said the company will conduct an assessment once work resumes. Shares of Boeing rose $1.75, or 3.6 percent, to $50.66 in afternoon trading Wednesday. READER COMMENTS Be the first to comment. You must be a registered user and verify your e-mail address to post comments to blogs or articles on HeraldNet. To register, click here. To read other terms and conditions, click here. Log out

1. Explosion advance with win 2. Arrest in nude "sexting" photos of Arlington teen 3. One fire rips through $2 million home, another chars Jetty Island 4. Everett man found guilty in grandfather's fatal beating 5. Jetty Island firefight continues; hot weather increases fire dangers 6. Snohomish County cops spend summer trying to root out gangs 7. New York man indicted in Blue Stilly Smoke Shop case 8. Everett student jailed in pornography, voyeurism case 9. Fireworks sellers hope it's a 'backyard' Fourth 10. Local hoops star Love on hunt for a free ride 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

• Warriors looking for balance • Three Scots vying for QB slot • Jackson looks for another title • Decorated veteran continues to serve as active volunteer • City Council reviewing sign regulations • Wildcats get a peek at newcomers • Lynnwood still in rebuilding mode • Shoreline feels a kindergarten growth spurt • Leave the patriotic pyrotechnics to professionals, cities urge • Trading dollars for kilowatts New PUD energy conservation programs save ... • By John Wolcott SCBJ Editor • Record crowd at Paine Field’s General Aviation Day as FHC Celebrate ... • Celebration of aviation's history and future presented in multiple venue ... • The time is ripe for small businesses to take no prisoners • EPA proposal to regulate global-warming gases would be costly for small ... • Innovation helps the town of Forks to offset tough economy • Powering the people