“Our goal has always been to recognize the outstanding work done by our Ridley Park employees, while ensuring the long-term viability of the site in today’s challenging, ‘more-for-less’ environment,” said Gary Baker, Boeing Defense, Space & Security director of operations, East Region. “By ratifying this contract, our employees help us position ourselves to win new business, beyond our current production contracts. Boeing and our employees are committed to our customers and our community, and this is a critical step down our future path.”
Within 30 days, eligible members will receive a $10,000 signing bonus, as well as compensation increases in each year of the contract. As of Jan. 1, 2017, members will transition to earning future retirement benefits in the company’s enhanced 401(k) savings plan, while keeping all previously accrued value in their traditional pension plan.
“In every negotiation, there’s give and take,” said Chris Owens, UAW 1069 president. “We believe this contract benefits our members and their families by providing for them now and in the future by bringing economic stability to the Ridley Park site.”
More details are available at www.boeing.com/uaw-1069-negotiations and uawlocal1069.org.
