Union Rejects Boeing Deal
By a whopping 2-to-1 margin, Boeing employees affiliated with the International Association of MachiYou must Subscribe or log in to read the rest of this content.
By a whopping 2-to-1 margin, Boeing employees affiliated with the International Association of MachiYou must Subscribe or log in to read the rest of this content.
15 comments
I’m confused Will – are you now saying that maybe having a plant in North Charleston was a good deal for both Boeing and potentially South Carolina?!?
No … read the article. It says these deals shift and raise taxes on existing businesses and consumers. That inhibits job growth – as well as the growth of the consumer economy. I’m not saying Boeing’s jobs aren’t providing an economic benefit – they are – I am simply saying there is a cost associated with obtaining them that no one in the MSM ever considers.
I dunno Will, the tax incentives in south Seattle ran out a lonnnnnnnng time ago and Boeing is still there providing good paying jobs (at least until the unions kill the goose that laid the golden eggs…)
Huh? Washington state ponied up big in 2003 and now again in 2013. See the picture? When one deal runs out, corporations like Boeing expect a new one. Just wait until South Carolina’s deals expire. Do you really think Boeing will stay here without getting another huge tax break? Basically, South Carolina only gets to tax the workers, never the corporation. That is how the game is played, son.
Wow, how did I miss the 2013 tax deal! I knew about the ’03 deal and it wound up not being nearly as big a break as originally talked about but this 2013 deal is crazy, particularly in a state with no personal income tax – hope them folks look forward to jacked up sales and private property taxes and “gubamint” service fees cause they’re about to get taken to the cleaners.
It is the occasional nugget like this, e.g. the 2013 WA state tax deal, that make this site worth the trouble of reading. Almost. Thanks for the 411.
I wouldn’t believe ANYTHING that comes out of a Seattle newspaper that deals with Boeing and Unions. They are the epitome of biased.
This is great news for SC. I’d expect the 777X announcement before the new year…
Spoiler: They’ll beg SC for some more incentives, and if they don’t get it, they’ll look for another right-to-work state that will. Someone will pay for the 777X, and gladly at that.
Will, I am curious, you are anti-union, but why? What do you really know about unions?
And, for all you limited-goverment advocates, since when is government entitled to spend tax money to buy business investment? Is that a core function of government?
I really wish there was a clear distinction made between tax breaks and tax subsidy’s, and/or a breakdown of how much in dollars each represents.
Video of machinists reaction to contract vote announcement.
http://www.youtube.com/watch?v=LzrMS4K3Hgo
A resounding no from Machinists
http://seattletimes.com/html/businesstechnology/2022253577_boeingmachinistvotexml.html
Boeing has plans that we will not see for some time. It was not by accident that after all the years they moved there HQ to south of Shitcago sold the Wichita facility and built in N. Chasn. I wouldn’t bet against the unions bending over in the next few months.
Do you think the union rejection of the Boeing proposal had anything to do with the canceled worker pension plan, the slashed benefits, the appalling 1 percent pay raise issued only every other year?
Or, maybe there was some resentment that the Boeing CEO, Jim McNerney, has headed the Business Roundtable, a lobbying group of top U.S. corporations. Earlier this year that group called for raising the eligibility age for Social Security to 70 years old, as well as crimping back on the benefits (by reducing the index of inflation used to calculate payouts.)
So, while McNerney cancelled the workers’ pension plan and advocated cutting Social Security, his own personal retirement package would net him $265,575 per month if he were to retire right now. No need for him to wait for his Social Security to kick in at age 70, amirite?
As a Boeing employee who voted no on the contract, I have to say I would have been willing to have worked a deal to extend our contract with Boeing. But, my pension is not on the table. Jim McNerney, Boeing CEO will get a pension of over $256,000.00 a month if he were to retire today. I can only guess how much Boeing pays out to retired executives. Not that they should not get a pension, but lets be real here, after making the money Mr McNerey does, some 21 Million a year. Does he need that big of a drain on company resources?
We on the factory floor in Everett don’t know if it was out Union or the Company who stuffed this contract down our throats We had just about 1 week to study it. Our shop stewards did not have any advanced notice of this contract coming up. No input. It had some very generous offers The Bonus, $10K is a lot of money. But over the life of the contract we would give up far more then that just for the changes in medical. I believe we will need to pay more for that and would be willing to discuss it. Moving from a defined pension plan for me is a non-starter. Moving to a 401K is not in my mind a secure way to build a retirement. It is good as part of a retirement plan. We have that now in our VIP plan. However, the deposits are not protected Anyone with a 401K, do you recall what happened to it in 2008? For many of you that is your only nest egg. Our corporations are protecting the top as they sacrifice the workers who make the products. This is not a new way of doing business, Ask around, I bet you have family members who have lost jobs so American corporations can make more money to give to, not the stock holders but the executives and board of directors.
Thank you for the opportunity to make a comment here.