Leeham News and Analysis
There's more to real news than a news release.
Special to Leeham News: A compromise on pension plan
With the IAM 751 membership vote scheduled for Wednesday this week, one of the biggest areas of controversy is Boeing’s plan to eliminate the defined pension benefit plan in place now and replace it with a 401(k) plan…. Read More
Latest on Boeing v IAM v WA State in 777X drama
Here are some developments since Friday in the drama over Boeing vs the IAM 751 and Boeing vs the Legislators in Washington State in the effort to site the 777X at Everett, Boeing’s main wide-body production plant and… Read More
Boeing to explore options on 777X
Boeing issued this statement late last night on the news the IAM likely won’t approve the contract offer in exchange for Boeing siting the 777X assembly in Everett: All of our options are still on the table, including… Read More
IAM calls Boeing offer “piece of crap,” to seek to withdraw it and not put up for a vote
Holy crap. Here’s the story from The Seattle Times.
Politics rears head over Boeing state incentives
It took no time at all for politics to rear its head in Washington State over Gov. Jay Inslee’s proposal for an incentive package for Boeing in exchange for siting the 777X in Everett. Republicans, who oppose any… Read More
New 777X facilities to be 1.5m sf, one third the size of Boeing’s Everett plant: IAM
With the release by IAM 751 of the summary of the contract terms to be voted on next week by the membership as one step required for Boeing to select Everett as the assembly site for the 777X,… Read More
Assessing the 777X events for Washington State, IAM, Boeing
Update, Nov. 6, 10:00am PST: A summary by IAM 751 of the contract details is here. Original Post: Here’s our take on the news that the IAM and Boeing reached a tentative agreement leading to the selection of… Read More