Jerry Calhoun Quotations

I believe that our employees ought to be able to vote on the offer we've presented, ... I have faith and confidence in the employees of Boeing that they're going to speak their mind and they're going to express their wills.

I think we're finally ready now to take that first step,

It gets real outside on the street. Then they bring it in here.

Our overall offer included several provisions to enhance job security. Still, we continue to believe that job security depends on our ability to improve quality and productivity.

We believe this move undermines the integrity of the collective bargaining process and denies IAM-represented employees the right to exercise their vote,

The contract offer that we made to the IAM is respectful, balanced and well above market. We remain willing to discuss reasonable proposals around that offer.

Throughout these negotiations, we've been hearing from employees and their union representatives that ... they would prefer that we spend available money on retirement programs, incentives and lump sum cash payments rather than offering wage increases. With this offer, we are responding to that input.

This offer enhances one of the best total compensation packages in our industry. It includes two substantial cash payments during the first year of the contract; an option to roll one of these payments into the Voluntary Investment Plan and receive a company match; and an incentive compensation program rewarding IAM-represented employees for their contributions to the company's success.

Boeing has always provided a competitive package of total compensation that addresses the needs of all employees.

During these negotiations, there has been a lot of discussion about pensions. What hasn't received much discussion is the concept of balance,

The offer we presented is balanced and competitive, respects the contributions of our team and compares favorably with recent contract settlements in our industry.

The chances of that (continuing production) are slim.