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Boeing machinists soundly reject labor deal

Traderd

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http://www.chicagotribune.com/busine...,0,19564.story

"Boeing machinists soundly rejected an eight-year labor contract extension on Wednesday that would have let them build the company's newest jetliner in Washington, a historic decision that could forever alter the course of Boeing's 97-year presence in the state."

"International Association of Machinists members voted 67 percent against a deal that would secure an estimated 20 years of work building Boeing's 777X jet, but a deal that would have terminated their pension plan and raised their healthcare costs."

"Tom Wroblewski, president of International Association of Machinists District 751, the local union, said in a statement that members "preserved something sacred by rejecting the Boeing proposal. We've held on to our pensions and that's big. At a time when financial planners are talking about a ‘retirement crisis' in America, we have preserved a tool that will help our members retire with more comfort and dignity."
 
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