Boeing and SPEEA Arrive at an Agreement Establishing Hopes for Long-Term Labour Peace

On Wednesday, Boeing and the union leadership of SPEEA arrived at a tentatively agreement paving way for extension of a new six-year contract before the present contract expires later this year in October.

The agreement was arrived at during a secret discussion that took place between management of Boeing and the executive board of the Society of Professional Engineering Employees in Aerospace.

The union represents close to 21,000 members who will now vote on the contract in early February. If they approve to it, there will be labour peace ensured at Boeing for almost half a decade. The terms ensures an average five percent pay increase annually for the next five years, adds new provisions for the members of the union whose jobs might be moved somewhere else and also locks growth in members' traditional pensions in 2019.

The was some tension created in the relationship between Boeing and its engineers when the company announced its plans of creating engineering centres in different states which would require shifting some work from its base at Seattle- area.

In a statement Ray Goforth, the executive director of the Society of Professional Engineering Employees in Aerospace, said "These contract extensions are the result of a lot of hard work and good will. Hopefully this gives us a template for the future."