UAW Members ratify contract
Nearly 1,800 Boeing workers at a rotorcraft factory near Philadelphia will see their wages go up 15 percent over the next five years, after ratifying a proposed contract.
They’ll also get annual cost-of-living increases, plus lump-sum bonuses totalling $7,000 over the life of the contract between Boeing and the United Auto Workers. The contact also created an incentive program for workers, who can earn up to 20 additional days of pay each year for hitting performance targets. The Union also won an increase in retirement benefits, with workers getting $80 a month, per year of service, an increase of $10 over the previous contract.
It was the first time that UAW Local 1069 has ever agreed to a five-year contract. “This is an historic settlement for us,” Union President Tony Forte told one newspaper. “To have a five-year agreement takes care of both sides. It gives us the stability we need and helps the company plan for its future.”
The previous four-year contract had expired on Oct. 1. The two sides agreed to continue talks on a day-by-day basis, and were able to reach a tentative agreement on Wednesday.