Boeing and the Society of Professional Engineering Employees in Aerospace (SPEEA), representing more than 20,000 employees, recently announced a tentative agreement on a new six-year contract extension, following several weeks of discussions.
“This tentative agreement recognizes the significant contributions of our engineering and technical workforce and reinforces Boeing’s commitment to the Puget Sound region,” said Boeing Vice Chairman and Commercial Airplanes President and CEO Ray Conner. “As our competitive environment gets tougher, ratification will enable Boeing to be more competitive in today’s and tomorrow’s commercial and defense markets while helping ensure stability for Boeing’s future as our employees strive to deliver superior products and services to our customers.”
Highlights of the tentative agreement include:
- Above-market compensation
- Expanded workforce stability protections relative to Puget Sound engineering work movement
- A transition benefit to a new retirement program
- Modest increases in employee contributions for market-leading health care
SPEEA’s Executive Board and Bargaining Unit Councils have endorsed the offer, which will be put up for a vote by the membership from Jan. 27 to Feb. 10, 2016 via mail-in ballots. For additional information, visit www.boeing.com/speea.