COLA Formula Generates 43¢ Effective 09-10-21
Effective Sept. 10th, 2021, a 43¢ cost-of-living adjustment (COLA) will be added to the hourly wage rate for IAM members at Boeing. The 43¢ was generated for the quarter May, June and July 2021. COLA is permanently rolled into a member’s base rate each September. The new 43¢ along with the 49¢ COLA generated since last September (total of 92¢) will be permanently rolled into the base rates on Sept. 10, 2021.
The value of our quarterly COLA, even when it is only a few pennies in a quarter, has a significant impact on our maximum rates over time. As of Sept 10, 2021, $17.51 has been folded into the maximum wage rates due to the COLA formula since it was negotiated into our bargaining agreement in 1963 – demonstrating the importance of this provision in our contract. COLA is generated quarterly under the IAM contract and is based on the federal government’s Consumer Price Index.
Here is a video to explain the math
August 2021 Aero Mechanic newspaper is available online.
July 2021 Aero Mechanic newspaper is available online.
Stay Safe During Extreme Temperatures
Due to forecasted extreme high temperatures across Washington State, stewards need to be diligent in demanding additional breaks for water and rest. Temperatures will be above 90 degrees both inside and outside the factory; stewards may need to address heat exhaustion with the stop work card to keep our members safe. We have provided links below to Boeing documents dealing with high temperatures.
751 Member Communications
June 2021 Aero Mechanic newspaper is available online.
COLA Formula Generates 29¢ Effective June 11, 2021
Effective June 11th, 2021, a 29¢ cost-of-living adjustment (COLA) will be added to the hourly wage rate for IAM members at Boeing. The 29¢ was generated for the quarter February, March and April 2021. COLA is generated quarterly under the IAM contract and is based on the federal government’s Consumer Price Index.
COLA is permanently rolled into a member’s base rate each September. The value of our quarterly COLA, even when it is only a few pennies, has a significant impact on our maximum rates over time. As of March 2021, $17.08 of the maximum rates is the result of COLA payments being folded into our base rates.
For a YouTube video Doodly explanation of the math, click here
May 2021 Aero Mechanic is available online
April 2021 Aero Mechanic is available online.
YouTube video links to two Town Hall Sessions Dec. 15th regarding: New Airplane Program, Layoffs, 787 and Contract
4PM Session - https://youtu.be/sxVCg-bxdsc and the 11 am session - https://youtu.be/C8uO37XDaHw
The Dec 2020/Jan 2021 Aero Mechanic paper is available online.
View Aerospace Analysts Panel - District 751 was proud to be the Zoom webinar host on Dec. 8th for The Future of Boeing and U.S. Aerospace Independent Aerospace Analysts Panel featuring Richard Aboulafia, Ron Epstein and Kevin Michael, which was moderated by Glenn Farley. The focus of the discussion was on future dynamics, from the independent analysts’ perspectives, for The Boeing Company and U.S. aerospace more broadly.
Here is a link to the panel telecast from Dec. 8th courtesy of TVW: https://www.tvw.org/watch/?clientID=9375922947&eventID=2020121098
We are also attaching the slides that Richard Aboulafia discussed, as well as the 2019 Aerospace Competitiveness Economics Study (ACES) that is referenced in the panel discussion.
Thanks again for your interest in this event.
Nov. 16, 2020 - Effective Dec. 11, 2020, a 17 cent cost-of-living adjustment (COLA) will be added to the hourly wage rate for IAM members at Boeing. The 17 cents was generated for the quarter August, September, and October 2020. COLA is generated quarterly under the IAM contract and is based on the federal government’s Consumer Price Index. Click here to view a video showing the math on how to calculate COLA under the IAM-Boeing Contract
Oct. 15, 2020 - Thanks to all the members who took part in Local A and Local F elections. This was our first all mail-in ballot due to COVID. Ballots were counted today at the Seattle Union Hall. Pdfs below show voting results. Winners are in red and bold with the percentage of votes they received against total votes cast in that local. Members voting didn’t necessarily vote for all available positions, which is why no position received 100% of the votes. If you have any questions, please contact District Secretary-Treasurer Susan Palmer at 206-764-0310.
Oct. 1, 2020 - Boeing Decision to Consolidate 787 Production is Wrong
Click here for District 751 President Jon Holden's statement on the decision