Published: Monday, December 1, 2008
SPEEA to vote today on Boeing contract
The Boeing Co. will know by the end of today whether it managed to stave off a second strike by appeasing its engineers and technical workers.
At 5 p.m., the polls will close and the Society of Professional Engineering Employees in Aerospace will tally votes on four-year contracts for Boeing engineers and technical employees. The union represents 20,500 members, most in the Puget Sound region. SPEEA leaders endorsed the company's offer in mid-November.
Boeing is recovering from a 57-day strike by its Machinists union. That work stoppage contributed to delays in the company's 787 Dreamliner, 747-8 jumbo jet and new 777 Freighter.
SPEEA expects to announce results as early as 8 p.m.
Highlights of the SPEEA contract:
Wages: Boeing provides a salary increase pool of 5 percent each year of the contract with guaranteed increases of 2 percent annually for engineers and 2.5 percent annually for technical workers.
Pension: Increase in pension to $81 per month for each year of service beginning Jan. 1, up from $70. Another bump to $83 will begin Jan. 1, 2012. Retains traditional pension plan for existing SPEEA members and new ones. Boeing had wanted to offer new employees a 401(k)-style plan.
Medical benefits: Members would pay a slight increase in deductible for their Traditional Medical Plan but would receive expanded coverage for preventive care.
Outsourcing: Allows SPEEA early input in decisions involving outsourcing of member work.
Overtime: Engineers will be paid at straight time plus $15 an hour for time beyond 144 hours per quarter through 2010. Overtime up to 144 hours per quarter will remain at the existing rate of standard pay plus $6.50 an hour. After 2010, the overtime premium of hours above 144 hours ends and reverts back to $6.50.
Union representation: Boeing had sought to cut 100 engineers in Utah from the Puget Sound contract. They remain under the contract.
Employee Incentive Plan: Continued participation for members.
For more information: www.speea.org or www.boeing.com/2008negotiations.
At 5 p.m., the polls will close and the Society of Professional Engineering Employees in Aerospace will tally votes on four-year contracts for Boeing engineers and technical employees. The union represents 20,500 members, most in the Puget Sound region. SPEEA leaders endorsed the company's offer in mid-November.
Boeing is recovering from a 57-day strike by its Machinists union. That work stoppage contributed to delays in the company's 787 Dreamliner, 747-8 jumbo jet and new 777 Freighter.
SPEEA expects to announce results as early as 8 p.m.
Highlights of the SPEEA contract:
Wages: Boeing provides a salary increase pool of 5 percent each year of the contract with guaranteed increases of 2 percent annually for engineers and 2.5 percent annually for technical workers.
Pension: Increase in pension to $81 per month for each year of service beginning Jan. 1, up from $70. Another bump to $83 will begin Jan. 1, 2012. Retains traditional pension plan for existing SPEEA members and new ones. Boeing had wanted to offer new employees a 401(k)-style plan.
Medical benefits: Members would pay a slight increase in deductible for their Traditional Medical Plan but would receive expanded coverage for preventive care.
Outsourcing: Allows SPEEA early input in decisions involving outsourcing of member work.
Overtime: Engineers will be paid at straight time plus $15 an hour for time beyond 144 hours per quarter through 2010. Overtime up to 144 hours per quarter will remain at the existing rate of standard pay plus $6.50 an hour. After 2010, the overtime premium of hours above 144 hours ends and reverts back to $6.50.
Union representation: Boeing had sought to cut 100 engineers in Utah from the Puget Sound contract. They remain under the contract.
Employee Incentive Plan: Continued participation for members.
For more information: www.speea.org or www.boeing.com/2008negotiations.
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