Boeing Statement on IAM Long-Term Contract Extension
Boeing Commercial Airplanes (NYSE: BA) has issued a statement from President and CEO Ray Conner in response to International Association of Machinists & Aerospace Workers District 751's decision to proceed with its efforts to secure a historic long-term contract extension that would result in locating final assembly of the new 777X and fabrication and assembly of the airplane's wing in Puget Sound."
"I want to congratulate IAM District 751 Directing Business Representative Tom Wroblewski for his leadership, vision and determination to forge an agreement of historic proportion that, when ratified, will secure and extend thousands of high-wage, high-skilled aerospace jobs and expanded economic opportunity for residents of Puget Sound and Portland for many years to come," said Conner. "Tom and his team pressed hard for an agreement that maintains market-leading pay and benefits for the members he represents, while also recognizing the critical importance of our efforts to achieve increasing competitiveness in order to win against a growing list of global competitors.
Commercial Aircraft PMA: Forecast and Market Analysis 2015-2019
"This is important to everyone with a stake in Boeing – including our employees, the community and our customers – and we look forward to the ratification and a long successful future as the global leader in aerospace," Conner said.
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Source : The Boeing Company (NYSE: BA)