Trending

Fat Boeing Union Rejects 10% 401k Match, Pay Hike In Strike Move

  • Almost 2,500 St. Louis-area machinist workers at Boeing Co., Chicago, are planning to strike Aug. 1 after rejecting a contract offer.
  • The offer included an increase in the matching contribution of its 401(k) plan to 100% of the first 10%.
  • In a statement, the union said: “Boeing previously took away a pension from our members, and now the company is unwilling to adequately compensate our members’ 401(k) plan. We will not allow this company to put our members’ hard-earned retirements in jeopardy.”

Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.