Boeing workers' demand for reinstated pension a long shot, experts say
- Posted on October 28, 2024
- By Yahoo News
- 3 Views
Boeing workers' demand for reinstated pension a long shot, experts say
Boeing workers' efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate the planemaker's shaky financial situation. Bringing back the defined-benefit plans - where the pension liability is primarily borne by the employer - will require a major concession from the company, particularly as most corporations have drifted away from this model. Boeing has resisted attempts to restore the plan.