Boeing awards $296M in incentive pay in Washington

Boeing is awarding $296 million in incentive pay to 51,800 employees in Washington.

Companywide, Boeing is paying more than $624 million to 107,000 employees in the incentive plan based on 2012 financial results.

Boeing said the awards to be paid beginning Thursday equate to a bonus of about 6 percent, or about 15 days of additional pay.

The company said Wednesday the 2012 awards are among the best ever for the plan that began in 2001.

The incentive pay does not go to executives or members of the Machinists Union who have other plans.

More in Herald Business Journal

How to fix health care: More choices, responsibilites for consumers

The third in a series of essays about what should be done to fix our health care system.

More business, more competition for Everett kidney dialysis center

Nonprofit Puget Sound Kidney Centers sees large for-profit competitors enter state market.

Molina Medical holds fall carnival for families in Everett

Molina Medical is hosting a free event for families in the Everett… Continue reading

Leadership Snohomish County celebrates 20 years of service

Leadership Snohomish County is celebrating its 20th anniversary. The organization was launched… Continue reading

Snohomish, Monroe manufacturers honored for innovation, excellence

Two Snohomish County companies have been honored with Manufacturing Excellence awards at… Continue reading

Remodeled home tours planned this weekend

This weekend, Edmonds-based Chermak Construction will participate in the 2017 Remodeled Homes… Continue reading

Barron Heating to celebrate anniversary at Marysville showroom

Barron Heating and Air Conditioning is celebrating its 45th anniversary from 10… Continue reading

Suitors, beware: In Seattle, Amazon also brought disruption

The company has grown there from a workforce of about 5,000 to more than 40,000 in 33 buildings.

Boeing rushes to bring back retirees as temps

It’s unclear if this could be a definitive turn in the downsizing tide.

Most Read