Boeing Inks Deal With IAM Union That May Secure South Carolina Plant.
Boeing Co. has signed a four-year labor contract with its machinists union that may secure a second 787 assembly line in South Carolina, The Seattle Times reported Wednesday, citing anonymous sources. Chicago-based Boeing is in court defending the new plant from accusations by the National Labor Relations Board that it was built illegally to punish the union for a 2008 strike. A final decision on whether the NLRB will cease its lawsuit will be up to the agency. The new labor deal, forged secretly and 10 months before the current contract expires, ensures the next-generation 737 will be built in Washington state, and includes a signing bonus and annual wage increases of about 2%, The Seattle Times said. Ratification is planned for later this week. Source: MarketWatch.com.