Machinists at Boeing earn 3.1% incentive for 2014

RentonToolingSEATTLE  — Machinists Union members working for the Boeing Co. in Puget Sound will receive 3.1 percent incentive plan payouts under the Aerospace Machinists Performance Plan.

The payments — which are equal to 3.1 percent of their gross pay, including overtime, for the 2014 measurement period — will be made on Feb. 19. The union members have the option of diverting all or some of the payout into their Boeing-sponsored retirement savings plan, if they act by Feb. 11.

Jon Holden, the president of Machinist Union District Lodge 751, made the following statement to union members after the payout was announced by Boeing:

“From the start of the Aerospace Machinists Performance Plan, the IAM-Boeing Joint Council has met regularly to evaluate whether events that were outside the control of Machinists Union members were decreasing the payout.

“This process has allowed us to make determinations that led us to today’s announcement of a 3.1-percent payout.

“We will work hard to define the metrics for 2015’s AMPP program. My commitment to you is that we will always have the best interest of you, our members, in mind as we work to establish targets for the coming year.”

Originally formed in 1935 to represent hourly workers at Boeing, District Lodge 751 of the International Association of Machinists & Aerospace Workers now represents more than 33,000 working men and women at 51 companies across Washington and California.

Think you would benefit from a union contract? Click here to talk to an IAM 751 representative about how to join the Machinists Union.

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Comments
3 Responses to “Machinists at Boeing earn 3.1% incentive for 2014”
  1. Shar says:

    So is the 10K bonus AND the 2014 AMP included in that gross amount?

  2. Larry says:

    One more reason I lose out because of a work injury. I’ve went bankrupt and now Ill get a couple hundred dollars for a bonus. Once again, Thanks.

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