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

Nordstrom suspends buyout after struggling to get financing

A buyout was meant to help the company continue turnaround efforts outside the glare of market scrutiny.

More self-awareness could help build a better medical system

Marcy Shimada of Edmonds Family Medicine writes the second in a series about fixing our health care system.

Justices to hear government’s email dispute with Microsoft

A lower court ruled emails in a drug case couldn’t be searched because they were in Ireland.

Bombardier said to explore options for aerospace assets

The Canadian planemaker is contending with newly imposed U.S. import duties of 300 percent.

Everett’s Access Laser sells majority stake to German company

Everett firm with 50 employees makes lasers for scientific, medical fields and self-driving vehicles

Innovation Resource Center’s advice for budding inventors

Got the next great idea? The Buildit NOW program stands ready to help you.

Mountain Pacific Bank to host Economic Forum in Everett

Mountain Pacific Bank’s Economic Forum is from 7:30 to 9:30 a.m. Wednesday… Continue reading

Career-community resources fair planned this week at EdCC

Edmonds Community College will host a free fall quarter career fair featuring… Continue reading

Most Read