Members of International Association of Machinists and Aerospace Workers, Boeing’s (BA) largest union, voted to reject an improved contract proposal, largely because the agreement would not restore the company’s pension, Peter Eavis and Tara Siegel Bernard of The New York Times reports. Boeing stopped offering its pension, which would pay out guaranteed sums to retirees, a decade ago and the loss of this still angers many members at the company’s union. Retirement benefits have become the largest issue in the impasse between Boeing and its workers after the company came close to meeting the union’s demands in several other areas.
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