Boeing has finalized a labor agreement with approximately 1,600 white-collar staff who were part of the former Spirit AeroSystems and were re-acquired by Boeing in December. The contract, which was approved by 85% of votes cast, extends through late 2030 and represents the first labor deal concluded with employees from the former Spirit AeroSystems.
The contract delivers a $6,000 ratification bonus to covered employees and commits to annual wage increases. It also expands medical and retirement plan provisions and grants an additional six days off annually. These terms apply to members of the Wichita Technical and Professional Unit, which is represented by the Society of Professional Engineering Employees in Aerospace (SPEEA).
SPEEA’s Wichita Technical and Professional Unit is one component of the union’s membership at Boeing. According to recent company filings with the U.S. Securities and Exchange Commission, SPEEA represents 11% of Boeing’s workforce out of a total of 182,000 employees. The agreement with the Wichita unit is the first labor settlement reached since Boeing re-acquired the former Spirit AeroSystems staff.
Boeing indicated it will begin negotiating later this year with SPEEA’s two largest bargaining units. Those units together cover roughly 16,000 engineers and technical workers located in Washington, Oregon, California and Utah.
Summary
- The new contract covers about 1,600 white-collar employees formerly part of Spirit AeroSystems and was ratified with 85% of votes cast.
- Key economic elements include a $6,000 ratification bonus, annual wage increases, improved medical and retirement plans, and six additional days off per year.
- Boeing will start talks later this year with SPEEA’s two largest bargaining units, representing roughly 16,000 engineers and technical employees across four states.
Key points
- Labor agreement duration and approval - The contract runs until late 2030 and was approved decisively, with 85% support from voting members.
- Compensation and benefits - The deal provides an immediate $6,000 ratification bonus, guaranteed annual wage increases and enhancements to medical and retirement benefits.
- Broader labor engagement - This is the first contract with former Spirit AeroSystems employees; separate negotiations with larger SPEEA units covering about 16,000 workers are expected later in the year.
Risks and uncertainties
- Future bargaining rounds - Negotiations later this year with the two largest SPEEA units covering roughly 16,000 engineers and technical workers could present additional labor risk for Boeing if talks become protracted.
- Scope of representation - SPEEA represents 11% of Boeing’s stated 182,000 employees, and the extent to which agreements with different units align could introduce uncertainty for workforce costs.
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