zlacker

>>toomuc+(OP)
Same story from the Associated Press: https://apnews.com/article/boeing-contract-vote-strike-machi...

>>tareqa+Jb
>Although she voted “yes,” Seattle-based calibration specialist Eep Bolaño said the outcome was “most certainly not a victory.” Bolaño said she and her fellow workers made a wise but infuriating choice to accept the offer.

>“We were threatened by a company that was crippled, dying, bleeding on the ground, and us as one of the biggest unions in the country couldn’t even extract two-thirds of our demands from them. This is humiliating,” she said.

Yeah. I never expected the pensions to return, sadly. But 38% over 4 year after a 2 month walkout seems like this strike more or less settled.

For reference:

>Machinists voted down another offer — 35% raises over four years, and still no revival of pensions — on Oct. 23, the same day that Boeing reported a third-quarter loss of more than $6 billion.

I can't blame them at the end of the day because mouths need to be fed, but this paints a grim picture in my eyes. The only way this can be salvaged is if someone in the background is giving other deals like what happened with the train strike (which we wouldn't hear about for months on end).

>>johnny+8d
Considering Boeing's prospects, what faith could there be in a pension plan tied to their company?

>>nisega+le
Boeing is a vital defense contractor, despite all the PR disasters. They are definitely in the territory of government bailout if they were truly to go under.

Would I bet on Boeing being alive in 40 years? Not really, not without a huge overhaul in their business. Would I bet on them being alive in 15 years when I retire? Probably.

>>johnny+Hg
I agree that Boeing will still exist in some capacity in the near-medium future. But a healthy pension fund requires more than just existing in my opinion. It needs a healthy, young base of employees who are contributing while you're retired and good governance of investments.