Boeing machinists union in St. Louis approves contract extension

Members of the International Association of Machinists and Aerospace Workers District 837 have approved a long-term contract extension intended to better position Boeing to compete for work that’s critical to its St. Louis site’s future. The company’s contract with the more than 2,300 represented workers now expires in July, 2022. It was to have expired in January, 2015. Within 30 days, eligible members will receive an $8,000 signing bonus. They will also receive general wage increases in 2016, 2018, 2020, and 2022, along with lump-sum payments in 2017, 2019, and 2021. Also, as of Jan. 1, 2016, members will transition to earning future retirement benefits in the company’s 401(k) defined contribution savings plan, while keeping the previously accrued value in their traditional pension plan. In the St. Louis region Boeing workers build the F/A-18E/F and F-15 fighter jets, the EA-18G electronic attack aircraft, along with weapons and support programs.