Striking Boeing workers aim to restore old retirement program ...Middle East

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Striking Boeing workers aim to restore old retirement program
source : Daily Sun ( Middle East ) () 38
NEW YORK: Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts, with the latest rejected offer featuring a 35 percent wage hike.But a sticking point for many workers has been Boeing’s refusal to reestablish a discarded pension plan.The plan was eliminated after a 2014 contract extension was narrowly approved by the union, the International Association of Machinists and Aerospace Workers District 751.But Boeing views its refusal to reinstate the pension as a non-negotiable item.“There is no scenario where the company reactivates a defined-benefit pension for this or any other population,“ Boeing said.“They’re prohibitively expensive and that’s

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