Good news. Boeing and the Machinists union have settled their differences and both sides are happy. The machinists received a 17% boost in pension payouts and healthcare premiums remain the same for the length of the current contract. No wage increases, except for lump sum bonuses over 3 years, totaling $11,000.
What's interesting here is the fact that Boeing says they like the contract...now will they say the same thing in a year or two? If Airbus cleans their clock on a big contract, will they they somehow change their tune and tell everyone that if it weren't for the big pension load they carry, they would have been more competitive?
Time will tell. But the fact remains that a union contract can be fair and equitable.
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