SPEEA authorizes a novel six-year contract with Spirit AeroSystems
By Akshay Kedari  Date: 2019-12-11

SPEEA authorizes a novel six-year contract with Spirit AeroSystems

Society of Professional Engineering Employees in Aerospace (SPEEA), a professional labor union representing over 24,000 engineers, reportedly approved a new six-year agreement of more than 1,620 employees with Spirit AeroSystems. These 1,620 employees are represented by the SPEEA.

The agreement was counted and validated by union tellers. The agreement received an overwhelming majority from union members at the WTPU (Wichita Technical and Professional Unit). 385 voted for approval of the agreement while 89 voted to reject in the final count.   

The agreement would be taking effect immediately. It was negotiated a year ahead of the earlier contract’s scheduled expiration.

Midwest Director of SPEEA, B.J. Moore stated that the company was able to obtain few improvements that were required and sought by members. There was a chance to negotiate early and avoid being pushed up towards a deadline, and the negotiation worked out.

The new agreement offers annual raises, surged overtime pay. It also offers a $2,000 signing bonus and unrestricted stock with an approximate value of a minimum of $1,500. Additionally, employees gave a green signal to changes in their respective medical plans during the agreement.

Mark Gayer, Negotiation Team Chair of SPEEA WTPU stated that in this agreement, there is something for everyone. The agency had a lot of transparent and open discussions over the subjects that were important for employees.

The WTPU Council Representatives (Bargaining Unit Council) and the SPEEA Negotiation Team unanimously recommended members to accept the negotiated deal.  

Formal negotiations were initiated on Nov. 6. SPEEA received a complete offer about the agreement from Spirit on Nov. 19. Further, the union held several meetings at the workplace as well as at its Wichita office. The primary motto of this meeting was to gather input prior to initiating negotiations. Member meetings were also conducted after final negotiations to answer questions of members about the agreement offer.

The new employee agreement contract now replaces the earlier contract would remain in effect till January 31, 2026.

SPEEA also represents engineers at Spirit AeroSystems in a different contract. SPEEA has more than 20,000 members across the nation. It is also a Local 2001 of the IFPTE (International Federation of Professional and Technical Engineers).
 

Source credit: https://www.businesswire.com/news/home/20191210006106/en/SPEEA-Approves-New-Six-year-Contract-Spirit-AeroSystems

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Fibonacci Brands acquires Darwin from Harvest Health & Recreation
Fibonacci Brands acquires Darwin from Harvest Health & Recreation
By Akshay Kedari

Fibonacci Brands has recently announced the acquisition of Darwin from Harvest Health & Recreation (HARV.CN) as its foundation brand. Fibonacci is a leading player in the international cannabis industry. According to James George, founder of Fib...

GVN adds EVIT Center and Chumakov as its new Centers of Excellence
GVN adds EVIT Center and Chumakov as its new Centers of Excellence
By Akshay Kedari

The Global Virus Network (GVN), an international coalition of medical virologists, has recently announced the addition of Australian and Russian researchers. GVN is adding the Center for EVIT (Emerging Viruses, Inflammation & Therapeutics) of th...

Wind Point Partners takes over RTIC to expand business portfolio
Wind Point Partners takes over RTIC to expand business portfolio
By Akshay Kedari

American private equity firm, Wind Point Partners has recently signed an acquisition deal with the one of the biggest direct-to-consumer (D2C) eCommerce providers of drinkware, RTIC. Reportedly, RTIC is Wind Point’s third acquisition of a famil...

Novartis reveals positive data from Phase III ORION trials of inclisiran
Novartis reveals positive data from Phase III ORION trials of inclisiran
By Akshay Kedari

Swiss multinational pharmaceutical firm, Novartis has recently announced results from its Phase III ORION-10 and -11 studies that focus on assessing the individual responses of patients on lowering low-density lipoprotein cholesterol (LDL-C) with inc...

Medtronic to acquire Companion Medical to expand diabetes business
Medtronic to acquire Companion Medical to expand diabetes business
By Akshay Kedari

Medtronic plc, the global leader in medical technologies, has reportedly announced that it is planning to acquire insulin pen manufacturer Companion Medical. The acquisition gives Medtronic access to Companion Medical’s ‘InPen’, wh...