HeraldNet: Boeing's latest ups and downs; reader question



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Aerospace Blog

November 14, 2008

Boeing's latest ups and downs; reader question

SPEEA, Boeing agree on contract, avoid strike

Posted at 12:47 pm by Michelle Dunlop

It's been a good news, bad news kind of day for Boeing.

Early this morning, the company announces a nine-month delay for its 747-8 jet. Boeing pointed to the Machinists' strike, design changes and supply chain troubles for the setback.

Just before noon, Boeing and its engineers reached a tentative agreement on a four-year labor contract, likely helping Boeing avoid a second strike this year.

The engineers and technical workers still have to approve the contract. Details of the contract haven't been released yet.

Reader question: Why do you think Boeing was able to reach a deal with SPEEA when it couldn't do so with the Machinists?

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SPEEA v Boeing
1) major change in economic picture worldwide
2) surfacing of multiple mis-management foul ups
3) working with the majority of the same SPEEA 2005 negotiation team, said majority being as clueless as previously- and still trying to cover up their 2005 bubus
4) At least two of the team still aiming to get hired in as SPEEA staff and continue to get BA pension credits for the next ten years - worth an additional * 810/month times 12 months = 9700 year time 25 years in retirement = $ 240,000 PLUS the generous SPEEA pension and for some an additional teamsters pension. I say this cuz about 1/5 of the SPEEA staff is so blessed.

Its all legal of course- but 98 percent of the members do NOT know about it- since SPEEA still refuses to publish the appropriate documents which reveal that little goodie

And most of the SPEEA staff- ex Boeing were on previous negotiation teams !

5) BTW- for those with an average salary over the previous five years greater than about $80,000 when they retire ( about 1./3 of the Engineers - congatulations - you will now complete the second decade without a raise in YOUR pension calculations, and will continue to get hosed by the 5 plus percent increase in covered compensation per year.
D S | Nov 14, 2008 9:49 pm | 0 replies | View all | Post reply | Request removal

(No heading)
Why do you think Boeing was able to reach a deal with SPEEA when it couldn't do so with the Machinists?

Frankly, I don't believe they "reached" an agreement w/ the machinists. I believe the machinists who voted to accept the contract did so for one reason and one reason only- the economy.

I have yet to speak to more than one person who actually voted for the contract the 2nd time and there are many questions remaining about how the entire ballot counting process proceeded, as well as Tom Wrobleski's stunning silence until well after the supposed 74% ratification was announced.
IMO, there was no "overwhelming vote of confidence in our negotiating team" and I know many IAM members who have vowed to drop their memberships or fight tooth and nail to have both Wrobleski and Blondin removed.

I think the company's board of directors needs to step up and start looking very hard at the practices of the top segment of management and the mismanagement, strained supply lines and outsourcing that is killing a 100 year old American company.
CC At the Big B | Nov 16, 2008 8:41 am | 0 replies | View all | Post reply | Request removal

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