Boeing and the Society of Professional Engineering Employees in Aerospace have agreed a four-year deal covering pay increases, parental leave and health care for the company’s 18,000 society members.
The four-year contract extends the current agreement until 2026 and will now be voted on by members of the Society of Professional Engineering Employees in Aerospace (SPEEA). The union’s 18,000 engineer and technician members are nearly all based in the states of Washington and Oregon.
SPEEA also represents around another 6,000 technical staff in companies such as Spirit AeroSystems and BAE Systems.
Greg Hyslop, Boeing chief engineer and senior vice president of engineering, test and technology said, “We are pleased to come to a tentative agreement that recognizes the tremendous contributions of our engineering and technical teammates. We listened to our employees and addressed areas that are important to them.
“These early discussions and ongoing dialogue will further enhance our efforts to focus on safely returning the 737 MAX to service and facilitating our engineering realignment and ongoing commitment to engineering excellence.”
Under the terms of the agreement Boeing and SPEEA will establish annual fixed salary adjustments for each year until 2026, replacing the prior indexed formula. SPEEA-represented employees will become eligible for the company’s paid parental leave policy and those in Washington state will be eligible for the benefits of the Washington Paid Family and Medical Leave Act
Employees will also continue to receive benefits with no change in their medical, dental and vision plans, then from 2023 employees’ contributions will be based upon their salary. In addition the Employee Incentive Plan will be raised from 3.85% of eligible earnings to 5% of eligible earnings.