Boeing machinists set to vote in union leadership challenge


Boeing (BA) machinists will cast ballots Thursday in a rare election for control of one of North America's largest industrial unions, a contest that could see a shift to a more militant stance if the challengers are successful.

At stake is leadership of ~570K active and retired members of the International Association of Machinists and Aerospace workers, which represents a broad array of workers including ~32K in Seattle who assemble Boeing jetliners.

Some workers say they want to oust incumbent union leaders after a recent contract agreement with Boeing froze their pensions in exchange for job security.

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Comments (4)
  • thomas85225
    , contributor
    Comments (552) | Send Message
     
    Boeing is no longer an American company but a multinational corporation which operation in 70 countries and 26 states

     

    70% of Boeing commercial aircraft is builds in 70 countries and 25 states and assembly in Washington State

     

    IAM Local union 751 should be FIRE for given always the workforce benefits and retirement plan

     

    40% of Boeing workforce will be retiring over the next five years

     

    In 2008 South Caroline FIRE the IAM Local union 751 for non- performance
    http://bit.ly/13aE3xh

     

    Only 35% of Boeing is Union 20% IAM, 13% Speea, 2% UAW see page 4 at http://bit.ly/1iQ1nuu

     

    The IAM local 751 should not be making agreement and give always benefits without an agreement from ALL the Unions at Boeing

     

    There are 28 Boeing has 28 Unions, Boeing is organized into five primary divisions:
    Boeing Commercial Airplanes (BCA), Boeing Commercial Headquarters is located in the City of Renton see
    rentonwa.gov/blank_pop...
    Boeing Defense, Space & Security (BDS),
    Engineering, Operations & Technology,
    Boeing Capital and Boeing Shared Services Group.

     

    IAM District 751 International Association of Machinists and Aerospace Workers, AFL-CIO District 751 represents the 45,000 active, retired and laid-off workers see http://bit.ly/QFXGhC

     

    UAW represents Boeing in Long Beach California and Philadelphia
    Boeing Utah is Union on military programs
    The IAM only represent Boeing in Washington State local 751,
    Missouri local 688,
    Portland Oregon Lodge 2911,
    and Kansas IAM Lodge 70, commercial division was sold off in 2005 to Oxen’s of Canada is represents By IAM Lodge 70, the Military side is moving to Texas

     

    AZ, Fl, TX, OK. PA, AL, LA, SC, Japan, China are not represented by a Union
    2 Apr 2014, 01:25 PM Reply Like
  • minwyhe
    , contributor
    Comments (115) | Send Message
     
    Since management will negotiate in good faith and is taking away benefits without negotiating other alternatives the workers have to do something. We are slowly getting back to the early 20th century when the companies controlled everything. I would prefer that a balance can be achieved so that the workers get some of the percs that the executives give themselves.
    2 Apr 2014, 06:40 PM Reply Like
  • Laura336
    , contributor
    Comments (39) | Send Message
     
    Boeing Seattle workers enjoy two things the vast majority of American workers do not (outside of tax-payer funded Government jobs): a pension, and job security.
    Militant union leadership will necessarily force companies to create new jobs elsewhere, and I, as an American, am glad there are opportunities in AZ, FL, TX etc so not all new positions go to Japan and China
    3 Apr 2014, 09:18 AM Reply Like
  • thomas85225
    , contributor
    Comments (552) | Send Message
     
    Boeing's total consolidated debt was $9.6 billion, yet its net pension liability was an even larger obligation at $10.4 billion.
    So Boeing will cut the workforce benefits to paid off Boeing debt ! see

     

    http://bit.ly/QFCJ6u

     

    How Boeing Is Solving Its Biggest and Most Often Overlooked Challenge

     

    Last year was excellent for Boeing (NYSE: BA) in many respects. The aviation juggernaut's stock price soared 77% last year, and its already massive backlog of orders surged to a record-high valuation of $441 billion. Boeing also made substantial progress on one of its biggest challenges, something that most investors and media folk overlooked. Here's the scoop on Boeing's underfunded pension status -- and how the company is tackling the problem at the root.
    What's the big deal?
    I believe one of the biggest problems with pension plans is that the obligation they represent is often skimmed over. Many investors are quick to notice a company's top-line revenues, bottom-line profits, cash hoards and debt levels -- but in the case of large companies like Boeing, its pension obligations are just as important. Consider that at the end of 2013, Boeing's total consolidated debt was $9.6 billion, yet its net pension liability was an even larger obligation at $10.4 billion.
    What if I told you that was a huge improvement from the previous two years?
    Graph by author.
    4 Apr 2014, 10:49 AM Reply Like
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