Boeing and SPEEA announce tentative agreement on new contract extension

Boeing and the Society of Professional Engineering Employees in Aerospace (SPEEA) announced a tentative agreement on a new six-year contract extension, following several weeks of discussions. SPEEA’s Executive Board and Bargaining Unit Councils have endorsed the offer, which will be put up for a vote by the membership from Jan. 27th to Feb. 10th, 2016 via mail-in ballots. Under the tentative agreement, Boeing would continue to provide SPEEA-represented employees with above-market compensation for their skills. “This tentative agreement recognizes the significant contributions of our engineering and technical workforce and reinforces Boeing’s commitment to the Puget Sound region,” said Boeing Vice Chairman and Commercial Airplanes President and CEO Ray Conner. “As our competitive environment gets tougher, ratification will enable Boeing to be more competitive in today’s and tomorrow’s commercial and defense markets, while helping ensure stability for Boeing’s future as our employees strive to deliver superior products and services to our customers.” Boeing and SPEEA have a mutual interest in maintaining a stable Puget Sound workforce. The tentative agreement includes a commitment to limit layoffs due to work movement, should it become necessary. If work is moved outside Puget Sound, Boeing will exercise all reasonable efforts to offer affected employees comparable positions in the SPEEA bargaining unit.