The Boeing machinists union rejected a new contract offer from Boeing just about a week ago. I was actually in the camp that thought they would accept the offer, though probably not by a wide margin. Instead, they soundly rejected it by a margin of 2 to 1. For those that haven’t been following along, Boeing was offering the union a lengthy extension to their current contract but with concessions. Some of those concessions were painful, like moving to a 401K style retirement plan instead of a defined pension. But, […]
