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Technology Stocks : Boeing keeps setting new highs! When will it split?
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From: Eric1/8/2014 9:02:19 PM
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Boeing to pay out $320 million to Machinists this month

Boeing said Wednesday it will distribute $10,000 bonus checks to members of the Machinists union in the week ending Jan. 25

By Dominic Gates

Seattle Times aerospace reporter

Boeing said Wednesday it will distribute $10,000 bonus checks to members of the Machinists union in the week ending Jan. 25.

The payments are a signing bonus, part of the deal approved by a slim majority in last week’s contract extension vote.

The payments, totaling $320 million, will go out to just under 31,000 Machinists in Washington state and another 1,500 or so in Portland and Wichita, Kan.

Boeing spokesman Doug Alder also said that the company has begun the process of determining the exact site for the 777X wing facility to be built in the Puget Sound region, also part of the new contract deal with the union.

Alder said there is no timeframe yet for the decision on where the wing plant will be.

Dominic Gates: (206) 464-2963 or dgates@seattletimes.com

seattletimes.com
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