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Boeing machinists say yes to crucial new contract

Saturday, January 04, 2014 - 01:17

Jan. 4 - Mixed emotions as union workers narrowly vote to approve Boeing's latest contract offer. Linda So reports.

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The vote was close and tensions were high. And on Friday night, the results were finally in. SOUNDBITE: UNION SPOKESMAN JIM BEARDEN, SAYING: "Tonight our members voted to accept Boeing's proposal of an 8 year contract with a 51% yes vote." By a slim margin, union workers voted to approve Boeing's new contract. It guarantees the aerospace giant will build its newest jet, the 777X, at its plant in Washington state, where the company has been building aircraft for nearly a century. In return, union workers gave up their lucrative pensions for more traditional retirement savings plans. SOUNDBITE: UNIDENTIFIED BOEING WORKER, SAYING: "I'm a third generation Boeing worker. My grandmother was a Rosie the Riveter on the lines in the 40s and I'm pretty sure she's not happy about this either." The narrow vote drew anger from some union workers who say they were bullied into accepting the cuts at a time when Boeing is making big money. Others say it's nothing but good news. SOUNDBITE: AVIATION BUSINESS ANALYST SCOTT HAMILTON, SAYING: "Obviously this is really great news for Puget Sound and Washington state, it means that you have upwards of 27,000 direct and indirect jobs that will stay here through the next decade and the decade beyond that." Boeing had threatened to move its production of the 777X to another state had union workers voted to reject the new contract, a move that would've cost Washington state billions of dollars.

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Boeing machinists say yes to crucial new contract

Saturday, January 04, 2014 - 01:17