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The pay raise wasn’t the only thing they were looking for. They wanted pension benefits back, which were stopped for new members a decade ago: https://www.nyti
by tacticalturtle 2y ago
The pay raise wasn’t the only thing they were looking for. They wanted pension benefits back, which were stopped for new members a decade ago:
https://www.nytimes.com/2024/10/24/business/boeing-union-strike-pensions.html https://www.nytimes.com/2024/10/24/business/boeing-union-str...
> What a great way to alienate people that haven’t gotten a pay rise at all for years to your cause.
What other opinions matter in the negotiation between the union and the employer?
- xhkkffbf 2y agoThe benefits weren't "stopped", they were swapped out to something that's really a better model for everyone. Defined benefits plans are very hard to administer and they often fail when the investments don't deliver. At least defined contributions are more transparent for everyone.
- tacticalturtle 2y ago> The benefits weren't "stopped" You left out where I specified the pension. They were stopped. I personally prefer a 401k - it enables greater career mobility, but also requires greater knowledge and planning by the employee. In an area or industry with few comparable employers, they might not value that flexibility as highly. They’re allowed to negotiate for the retirement plan they want.