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As The Boeing Company posted record profits, amassed a 4,000 airplane order
backlog and lavished executives with double-digit raises and bonuses this
summer, its corporate negotiators were preparing to offer a new contract to
engineers and technical workers that would cut the growth of their wages,
automatically take thousands of dollars of medical premiums from paychecks and
eliminate the pension for future hires. And these are the visible cuts in the
company's contract offer to the Society of Professional Engineering Employees
in Aerospace (SPEEA), IFPTE Local 2001.
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