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On Wednesday, the union’s members voted by a considerable margin to reject an enhanced contract proposal from management mainly as the settlement would not restore the pension. The vote will extend a 5-7 days strike that is definitely discouraging the jet maker’s initiatives to Get better from a long time of disaster.
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A single selection Boeing and the union get more info could contemplate, retirement professionals explained, is usually a hard cash stability program. In place of guaranteeing a life time paycheck according to a particular formulation, these kinds of designs guarantee a certain account stability.
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“I think all workers deserve an outlined-gain pension,” Jon Holden, president of District 751 of your union, which signifies the overwhelming majority of your personnel, claimed Wednesday soon after sixty four % of These voting rejected the offer you. “It wasn’t proper to take it away, and it’s a righteous battle to test to retrieve it again.”