(24 Oct 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Seattle - 23 October 2024
1. Machinists cheering contract rejection vote
ASSOCIATED PRESS
St. Louis - 24 October 2024
++PARTIALLY COVERED++
2. SOUNDBITE (English) Prof. Jake Rosenfeld, Washington University:
"I will admit I've been quite surprised that the pension issue has remained a sticking point on the side of rank-and-file. In the private sector today, about 1 in 10 workers is enrolled in a defined benefit pension plan, the type that Boeing's workers are demanding be reinstated. That's down from about 4 in 10 workers back in the early 1980s. And in the private sector, these plans remain kind of overwhelmingly concentrated in financial services, not manufacturing workers."
ASSOCIATED PRESS
Seattle - 24 October 2024
3. Boeing logos
ASSOCIATED PRESS
St. Louis - 24 October 2024
++STARTS ON SOUNDBITE++
4. SOUNDBITE (English) Prof. Jake Rosenfeld, Washington University:
"It would be pretty unprecedented for Boeing to agree to this particular demand. But Boeing is in a pretty unprecedented state as well. Right. Bleeding cash. A new leadership team eager to convince its customers, its suppliers, its investors that it has a plan to kind of right the ship. And a rank and file that the company is waking up to realize is just absolutely furious over past giveaways and stagnant pay and the removal of this plan back in 2014."
ASSOCIATED PRESS
Seattle - 23 October 2024
5. Votes being counted on contract offer
ASSOCIATED PRESS
Seattle - 24 October 2024
6. Various of machinists on picket line
7. SOUNDBITE (English) Sarah Armour, Boeing worker:
++PARTIALLY COVERED++
"As a new hire the pension is very important to me because I'm thinking about my future here at Boeing... It was important to me as well because pensions, they hold more ground and stability for the employees here at the company."
8. Strike sign and Boeing logo, Armour holding pension sign
9. SOUNDBITE (English) Sarah Armour, Boeing worker:
++FULLY COVERED++
"This is the first time that Boeing is now at a low point where we can get a better contract and restore our benefits.
10. SOUNDBITE (English) Sarah Armour, Boeing worker:
++PARTIALLY COVERED++
"I would hope that Boeing budges on the pension. And I know that a lot of employees, they aren't going to want to give up on that pension. That's why I'm still out here picketing. I will picket as long as I have to in order to make sure that we get that pension back."
11. Machinists on picket line
STORYLINE:
Since going on strike last month, Boeing factory workers have repeated one theme from their picket lines: They want their pensions back.
Boeing froze its traditional pension plan as part of concessions that union members narrowly voted to make a decade ago in exchange for keeping production of the company's airline planes in the Seattle area.
Like other large employers, the aerospace giant argued back then that ballooning pension payments threatened Boeing's long-term financial stability. But the decision nonetheless has come back to have fiscal repercussions for the company.
The International Association of Machinists and Aerospace Workers announced Wednesday night that 64% of its Boeing members voted to reject the company's latest contract offer and remain on strike. The offer included a 35% increase in wage rates over four years for 33,000 striking machinists but no restoration of pension benefits.
The company indicated Thursday, however, that bringing pensions back remained a non-starter in future negotiations. Union members were just as adamant.
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