Deal Reached Between Boeing and IAM!!

Vote to come in the next 3 to 5 days.

Here's some of the news so far:

From the Guardian:

Both sides had shown recent signs of wanting an end to the strike. Wall Street analysts estimated Boeing was losing $100 million in revenue for every day its plants were closed, while striking workers lost their usual healthcare benefits after one month on strike and were receiving a meager $150 per week strike pay from the union.

The union said that details of the accord would be withheld until they can be compiled and distributed to IAM members in all Boeing locations. (Reporting by Ilaina Jonas, Bill Rigby and Laura Myers; Editing by Bernard Orr and Mathew Veedon)

AP quoted IAM spokesman Frank Larkin:

Francis "Frank" Larkin, a spokesman for the International Association of Machinists and Aerospace Workers in Washington, D.C., told The Associated Press the deal was reached shortly before 9 p.m. EDT Monday, in the fifth day of talks at Federal Mediation and Conciliation Service headquarters in Washington and the 52nd day of the walkout.

And these are my favorite quotes from the AP piece, mostly because AP isn't being anti-union or anti-worker (for once), I mean they actually include a quote from a statement from Mark Blondin, IAM negotiator! For the life of me, I can't even imagine why AP would include it, they aren't exactly worker friendly, but whatever, I still like seeing it.

According to a statement issued by the union, the settlement "will provide job security for its members and limit the amount of work outside vendors can perform in the workplace."

IAM represents about 25,000 workers in and around Seattle, 1,500 in Gresham, Ore., and 750 in Wichita, Kan. Participants in the talks included IAM President Tom Buffenbarger and General Vice President Rich Michalski.

"I think we've addressed all the major concerns that our members have had," Buffenbarger said by telephone.

The union withheld additional details of the agreement pending distribution to the membership, but its statement said the pact was unanimously endorsed by IAM negotiators and will be submitted for a ratification vote in three to five days. A simple majority is required for approval.

"This tentative agreement is the result of hard work and great sacrifice by many people," the union's aerospace coordinator and chief negotiator, Mark Blondin, said in the statement, "but no one deserves more credit than the workers at Boeing, who conducted themselves with dignity and determination throughout this ordeal.

"On behalf of the entire negotiating committee, I want to say it has been our honor to serve as their representatives."

Oh, never mind, I know why AP put that in, because it's actually on the IAM site:

The tentative agreement has the unanimous endorsement of the IAM negotiating committee and will be presented to members for a ratification vote, which will take place in 3-5 days. A simple majority is required to ratify the tentative agreement.

“This tentative agreement is the result of hard work and great sacrifice by many people,” said IAM Aerospace Coordinator Mark Blondin. “But no one deserves more credit than the workers at Boeing, who conducted themselves with dignity and determination throughout this ordeal. On behalf of the entire negotiating committee, I want to say it has been our honor to serve as their representatives.”

AP didn't exactly have to work for the story, did they?

And one last piece, from United Press International:

Boeing issued a statement saying the deal provides annual pay raises and improved pension benefits, while allowing the company to retain "the flexibility necessary to manage its business, while making changes to the contract language to address the union's issues on job security, pay and benefits."

The company said it had dropped its insistence on healthcare changes that would have had employees pay more for their coverage.

Striking union machinists at the Boeing assembly plant in Everett, Wash., said the strike was about protecting their jobs from outsourcing, the Los Angeles Times reported Monday.

In addition to the IAM and Boeing tentative agreement, the UPI piece further noted a little bit about SPEEA:

Boeing's white-collar union, the Society of Professional Engineering Employees in Aerospace, agreed Monday to postpone the opening session of its contract talks, The Seattle Times said. The talks, scheduled to begin Tuesday, will begin Wednesday instead.

Hope SPEEA has successful negotiations and I eagerly await the details from IAM on the contract specifics, but it was nice to see that Boeing put out just a few of the specifics themselves in terms of health care costs and outsourcing.

For up to the minute news, check out the IAM local 751 site. They've also posted a short contract synopsis and here's just a little teaser on the job security stuff:

Letter of Understanding #2 – Updated Letter of Understanding to protect nearly 2,200 facilities/maintenance employees currently on the payroll for life of the Agreement.

Revisions to Article 21.7 - Expanded the scope of our subcontracting review. Secured the ability to compete for work that moves from one Boeing facility to another Boeing facility.

Improved Letter of Understanding #37 with the following protections.
• Forklift Drivers, MPRF’s, Factory Consumables Handlers, Environmental Control Workers and Shipping/Distribution will not be laid off or removed from their job classification and grade as a result of Materials Delivery and Inventory Process. This revision expanded protection to 2,920 jobs for the life of the Agreement.
• Except for 787 final assembly, vendors are limited to delivering products to designated areas only. From there, bargaining unit employees will track use, disbursement, acquisition, and/or inventory of parts, materials, tools, kits and other goods or products.
• Jointly work with the Company to improve material delivery process and ensure our members grow with the new technology and innovations.
• Parties will explore options for retraining or reassigning bargaining unit employees to equal level jobs when employees are impacted by process and technology changes.