Reformers will challenge the Machinists Union leadership in a membership election to take place in June. The recent contract at Boeing which included significant pension givebacks despite record profits at Boeing is one of the major spurs behind the oppositions campaign.
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Working In These Times
The loss of pensions at Boeing marks a major setback for unions, as employers typically follow the example of other employers at the bargaining table in terms of what constitutes a reasonable demand. Since the financial crash, unions have given up pensions for new hires at large, profitable, industry trendsetters such as General Electric, Verizon, Honeywell and now, Boeing.