Count Missouri among the patsies that Boeing used to get its workers to approve an eight-year contract that included numerous concessions.
The Missouri legislature in a special session offered incentives to Boeing to move the production of its new 777X aircraft from Washington state to the St. Louis area. Other states put together similar multibillion-dollar packages.
Their eagerness was enough to cause members of the International Association of Machinists and Aerospace Workers to cave to Boeing’s demand for concessions, including a pension freeze. Boeing agreed to add a $5,000, one-time payment to each worker in January 2020 on top of the $10,000 signing bonus it had previously promised upon ratification, The New York Times reports.
Boeing also agreed to preserve the current six-year progression it takes for new workers to reach full pay. In an earlier pact, that would have taken at least 16 years.