Boeing machinists bloc demand vote on 777X contract offer

Several dozen machinists rallied near Boeing’s main aircraft factory here on Wednesday, demanding the chance to vote on a labor contract that union leaders rejected last week. At stake are thousands of jobs at the factory that stood in the background of the rally, the largest building in the world by volume and home to all of Boeing’s commercial jets except the 737. Boeing has offered to build its next jetliner, the 777X, at the factory if machinists approved an eight-year contract extension that would replace their pension plan with a 401(k)-style retirement savings account. “I think it would be easier all around to get an agreement with the union and do it in Washington,” said Cai Von Rumohr, managing director an analyst at Cowen & Co in New York.

    

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