RIDLEY PARK, Pa., Oct. 18 /PRNewswire-FirstCall/ -- The Boeing Company (NYSE:
BA) and United Aerospace Workers (UAW) Local 1069 announced today that the
1,789 UAW-represented employees at the Boeing Rotorcraft Systems facility near
Philadelphia have voted to ratify a new five-year collective bargaining
agreement. The agreement, which was tentatively reached between Boeing and
union leaders on Oct. 14, provides represented employees with outstanding pay,
retirement and benefits packages while allowing the Boeing Rotorcraft business
to remain competitive.
"This contract provides these dedicated and highly skilled employees with the
outstanding compensation, retirement and health care insurance packages they
deserve while allowing the Boeing Philadelphia site to continue producing the
world's most advanced military rotorcraft at competitive costs," said Obie
Jones, Philadelphia site leader and director of Rotorcraft Systems Operations.
Under the terms of the new five-year contract, represented employees will
receive increases in total wages, cost-of-living adjustments, lump-sum
payments and annual performance incentives. The agreement includes general
annual wage increases of 3 percent in year one followed by 2 percent in year
two, 3 percent in years three and four, and 4 percent in year five. Employees
also will receive a lump-sum payment of $3,500 in year one, with additional
lump-sum payments in years four and five of $1,500 and $2,000, respectively.
Additional contract details, including information on retirement and benefits
packages, are available online at www.boeing.com/ids/negot/uaw.
With more than 5,400 employees, the Boeing Philadelphia site serves as the
company's Rotorcraft Systems division headquarters and the manufacturing
center for the CH-47 Chinook tandem-rotor helicopter and the V-22 Osprey
tiltrotor aircraft. More than 11,000 current and retired Boeing employees
reside in the Philadelphia region, and the company spends more than $364
million annually on goods and services from 830 companies across Pennsylvania.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the
world's largest space and defense businesses specializing in innovative and
capabilities-driven customer solutions, and the world's largest and most
versatile manufacturer of military aircraft. Headquartered in St. Louis,
Boeing Integrated Defense Systems is a $32 billion business with 70,000
employees worldwide.
Contact:
John Williamson
Boeing Rotorcraft Communications
Office: 610-591-2864
Mobile: 562-243-3876
john.g.williamson@boeing.com
Andy Lee
Boeing Rotorcraft Communications
Office: 610-591-6670
Mobile: 215-834-7010
andrew.h.lee2@boeing.com
SOURCE Boeing Company
John Williamson, Office, +1-610-591-2864, Mobile, +1-562-243-3876,
john.g.williamson@boeing.com, or Andy Lee, Office, +1-610-591-6670, Mobile,
+1-215-834-7010, andrew.h.lee2@boeing.com, both of Boeing Rotorcraft
Communications
