Boeing and the Society of Professional Engineering Employees in Aerospace (SPEEA) yesterday announced a tentative agreement on a new six-year contract extension, following several weeks of discussions.
SPEEA's Executive Board and Bargaining Unit Councils have endorsed the offer, which will be put up for a vote by the membership from Jan. 27 to Feb. 10, 2016 via mail-in ballots.
Under the tentative agreement, Boeing would continue to provide SPEEA-represented employees with above-market compensation for their skills.
Boeing and SPEEA have a mutual interest in maintaining a stable Puget Sound workforce. The tentative agreement includes a commitment to limit layoffs due to work movement, should it become necessary. If work is moved outside Puget Sound, Boeing will exercise all reasonable efforts to offer affected employees comparable positions in the SPEEA bargaining unit.
The current SPEEA contract expiring in October 2016 covers about 14,000 professional engineers and 6,500 technical workers.