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Just the facts: Details of new proposed IAM contract

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Source: Seattle Times

  • New contract is for four years.
  • 15% pay raise over the course of the contract, which will come in 5, 3, 3, and 4 percent over the years of the contract.
  • Minimum wages raised $2.28. Recent hires will get a supplemental raise to boost them past the entry level for new hires.
  • Vendors will deliver parts to receiving areas inside the factory, but machinists will handle parts after that on legacy programs. (737, 747, 767, 777)
  • Vendors will continue to deliver parts directly to the 787 assembly line.
  • Machinists currently working in facilities maintenance are protected from layoffs due to outsourcing.
  • No increase in medical plan costs for employees
  • Monthly pension $81/yr service for 3 years, then $83/yr service the 4th year.
  • Lump-sum payments: $5000 or 10% annual salary for 1st year, $1,500 2nd and 3rd year.
A vote by the IAM membership could come in three to five days and requires a simple majority (50% +1) to ratify the new contract.

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1 Comment

So, what did they actually get by going on strike?

"facilities maintenance are protected from layoffs due to outsourcing" and "Vendors will deliver parts to receiving areas" instead of direct like the 787.

Ok... Anything else? It looks fairly similar to the previous offer except it is for 4 years.

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