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Tuesday, November 12, 2013

Business story “quick fire” exercise

Gov. Jay Inslee approved a package of legislation today that will result in over $9 Billion in tax breaks for Boeing over the next 30 years.

Lawmakers approved the legislation this week after a special session had been called to review the tax breaks.

The tax breaks serve as an incentive for Boeing to build a fleet of all new 777X jets in the Puget Sound rather then moving production to a new plant in South Carolina.  

The legislation is just part of landing 777X production; union workers must approve a new contract this week in order to keep production in Washington.

Ray Conner, CEO of Boeing Commercial Airplanes says that it’s not a bluff that Boeing could move the 777X plane production somewhere else. The company wants to stay in the Puget Sound Area. The machinists voting for the deal will make that happen.

“My sincere hope is that we don't even have to even think about moving production out of the Puget Sound area," Conner said.

Many machinists are split on the new contract, but Tom Wroblewski, president of the Machinists District 751, stood with Boeing representatives and political leaders at the bill signing Monday.

"What's at stake here is jobs for the future — jobs to build the 777x for 20 to 25 years," Wroblewski said.

Wroblewski also said that representatives and leaders need to consider the deal that is best for the families of workers.



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