eolesen
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http://airchive.com/blog/2014/01/04/machinists-approve-boeing-777x-contract/
http://seattletimes.com/html/businesstechnology/2022593956_machinistsunionvotexml.html
The pension will be closed to new hires, and replaced with a 401K. 10% company match for the first two or three years, and then a 4% match. But that's not a freeze.
http://seattletimes.com/html/businesstechnology/2022593956_machinistsunionvotexml.html
Some of the news stories are saying the pension is frozen, but it doesn't sound like that's really the case.SEATTLE, WA: The 777X saga came to an end Friday evening as machinists in one of Boeings largest unions approved a contract that guarantees the aircraft and its wings will be built in Washington State. The final tally was 51% for to 49% in favor, despite a near militant vote no campaign orchestrated by local union leadership and a landslide rejection of the companys initial offer. The decision to approve the contract ends months of uncertainty as to where the jet would be built.
The pension will be closed to new hires, and replaced with a 401K. 10% company match for the first two or three years, and then a 4% match. But that's not a freeze.