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Boeing abandoned the structure in 2014 as part of a deal with union machinists to build its 777X jetliner in Washington, with an aim to curb "the unsustainable growth of our long-term pension ...
Some employees prefer the simplicity and security of an old-school company pension. So while Boeing's latest offer includes a 100% company match (boosting the potential maximum to 12%), it's ...
BECU is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area.It was named the Boeing Employees' Credit Union for much of its history and originally served employees of The Boeing Company.
Since going on strike last month, Boeing factory workers have repeated one theme from their picket lines: They want their pensions back. Boeing froze its traditional pension plan as part of concessions that union members narrowly voted to make a decade ago in exchange for keeping production of the company's airline planes in the Seattle area.
Boeing announced it would freeze pensions for 68,000 non-union workers and move them into a 401(k)-style retirement plan, according to Bloomberg. The Boeing's Pension Scale Back Is a Sign of the ...
On September 12, 2024, IAM District 751 voted to strike against Boeing over a proposed contract's pay and benefits with 94.6% of votes in and 96% in favor of a strike. [23] The union leadership had reached a tentative agreement with Boeing prior to the vote and endorsed the contract. [24]
Union members have expressed anger over the concessions they have given up since the last strike in 2008, such as the loss of pension plans, which they agreed to only after Boeing threatened to ...
Boeing B-29 assembly line in Wichita, Kansas, 1944. During World War 2, Boeing built a large number of B-17 and B-29 bombers. Boeing ranked twelfth among United States corporations in the value of wartime production contracts. [19] Many of the workers were women whose husbands had gone to war.