Boeing Secures Labor Deal with Ex-Spirit AeroSystems Staff

Key Agreement Reached

Boeing has finalized a new labor contract with approximately 1,600 white-collar employees from the recently re-acquired Spirit AeroSystems. The deal, approved by an 85% majority vote, is set to expire in late 2030.

Overview of the Situation

The new contract includes a $6,000 ratification bonus, annual wage increases, and significant improvements to medical and retirement plans. This agreement marks the first labor deal reached with former Spirit AeroSystems employees since they were integrated back into Boeing.

Impact on Broader Negotiations

These workers are represented by the Society of Professional Engineering Employees in Aerospace (SPEEA). The successful negotiation sets a cooperative tone as Boeing prepares for larger contract talks later this year with two major SPEEA units, which comprise roughly 16,000 engineers and technical workers.

Summary

This agreement secures labor stability for a key group of employees in Wichita. The outcome of upcoming negotiations with larger SPEEA units will be a critical factor for Boeing's operational outlook in the coming years.

FAQ

Q: Who is covered by this new Boeing contract?
A: The contract covers approximately 1,600 white-collar workers at the Wichita facility, who were formerly employees of Spirit AeroSystems.

Q: What are the main benefits of the new labor deal?
A: Key benefits include a $6,000 bonus, annual wage increases, improved medical and retirement plans, and an additional six days off per year.

Source: Investing.com