Boeing secures tentative labor deal with former Spirit AeroSystems workers [CNBC]
Boeing Company (The) (BA)
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Source: CNBC
Giuseppe Cacace | Afp | Getty Images A union representing about 1,600 white-collar workers at fuselage supplier Spirit AeroSystems said on Thursday that it has reached a tentative agreement with Boeing on a new collective bargaining contract. The negotiation team for the Society of Professional Engineering Employees in Aerospace's (SPEEA) non-engineering unit in Wichita, Kansas, unanimously recommended that members approve Boeing's proposal. Boeing completed its $4.7 billion takeover of Spirit AeroSystems on Dec. 8, and contract talks started after the deal closed due to labor law restrictions. The planemaker's offer “gives us better medical benefits, better dental benefits, more vacation time and a decent set of salary pools for raises,” said James Hatfield, who chaired the union's negotiation team. Boeing's proposal included a 20% increase to wage pools over around five years, a 50% annual increase in promotional funds, a $6,000 ratification bonus, and a 10% 401(k) match
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