Boeing’s Largest Union Rejects Swapping Pensions for 777X
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Boeing Co. is threatening to move assembly of the upgraded 777X jet away from the Seattle area, its commercial production hub for almost a century, after union members rejected a labor agreement that froze pensions.
“All options” for a 777X site will be considered, and no new talks are planned before the current contract expires in 2016, Boeing said today. Machinists voted 67 percent against an eight-year extension that would have cut benefits while keeping 777X work in Washington state’s Puget Sound region.