Squeeze play on Boeing machinists/union is reality elites failed to feel [View all]
A column in today's Seattle Times discusses how Boeing's machinist union was let down by WA. Governor Inslee and Senator Murray. Bottom line, record profit-making corporation says give up your pensions and significant part of health care benefits, or we're out of here, and the corporation was cheered on by Washington's governor, senator and other lifetime pensioners holding public office.
Boeing, you get $9 billion. Politicians, you get a “big win” to hail at news conferences. And workers, you get to cancel your pensions. Deal?
Last Sunday I noted how the head of Boeing, Jim McNerney, is set to draw a pension that pays a quarter-million dollars per month. Gov. Inslee, Sen. Murray and the rest of the public officials extolling this deal also have nice, safe pensions. That’s fine, but they ought to know how grating it sounds when this same elite class finds it imperative that workers — and only the workers — should unwind their retirement security.
“I know change can be hard,” Boeing commercial jet president Ray Conner sympathized. Especially when only one party to a deal is being asked to change!
People say the Machinists are blind to how good they have it. Probably so. But be honest: If your boss said to you, “Hey we’re making record profits, and paying ourselves phantasmagorical amounts, but to remain a going concern we must cut your retirement,” how would you react?