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     aeresearch.net

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

Volvo Cars might take full control of its Chinese stake ahead of IPO

Volvo Cars might take full control of its Chinese stake ahead of IPO

By Akshay Kedari

Swedish luxury automobile manufacturer Volvo Cars Corporation reportedly signed an agreement with Zhejiang Geely Holding Group to buy out from their decade-long joint ventures to gain complete ownership of its facilities in China. According to relia...

Lamborghini expects sale volumes to hit record highs in India this year

Lamborghini expects sale volumes to hit record highs in India this year

By Akshay Kedari

Italian luxury sports car manufacturer, Automobili Lamborghini S.p.A. is reportedly expecting substantial growth in sales volumes in India this year as the carmaker is experiencing a V-shaped upturn in demand after the easing out of COVID-19 pandemic...

Netflix ventures into video games, hires former Oculus and EA developer

Netflix ventures into video games, hires former Oculus and EA developer

By Akshay Kedari

OTT streaming giant Netflix Inc. is reportedly planning to offer games on its platforms at no additional costs. The company has tapped Mike Verdu, a former Oculus and EA game development leader, to spearhead its games division. Verdu will join as th...

Clubhouse partners with TED Talks, brings exclusive chats to platform

Clubhouse partners with TED Talks, brings exclusive chats to platform

By Akshay Kedari

This deal will enable TED Conferences to sell ads or brand partnerships without being liable to pay a commission to Clubhouse. TED Conferences LLC reported 1.65 million daily episode downloads worldwide recently. Social media application Clubhou...

Jaguar Land Rover foresees 36% loss in volumes due to chip shortage

Jaguar Land Rover foresees 36% loss in volumes due to chip shortage

By Akshay Kedari

Due to the ongoing semiconductor scarcity, Jaguar Land Rover expects to complete the first half of the year with a 36% drop in volumes, however, the second half is likely to see better chip supply and improved vehicle production. In the coming month...