Boeing IS Committing to South Carolina! (Columbia, Charleston: airplanes, moving, manufacturing)

[meks]

Originally Posted by Flat2MT

meks
Someone is pulling your leg....that's not even close to a reasonable figure even at a fully burdened rate....

no one's pulling my leg brother, I've heard it straight from the horses mouth on more than one occasion...

by the time u add in retirement, workmans comp, health bene's and misc other bene's like beneficiary etc etc those hourly numbers go wayyy up

[Flat2MT]

Originally Posted by meks

no one's pulling my leg brother, I've heard it straight from the horses mouth on more than one occasion...

by the time u add in retirement, workmans comp, health bene's and misc other bene's like beneficiary etc etc those hourly numbers go wayyy up

Three times the wage rate in benefits? Not even close.
Boeing will offer much less than 75% of the wage rate in benefits....

[USCJoe]

I found the following information on line. Although the figures for the new Charleston plant/Charleston area is probably speculation at best and a good bit loweer, the below figures do seem to show that the value of a total compensation package for new workers may be a good bit higher than the average rate quoted in many publications.

SEATTLE, May 09, 2008 -- Boeing [NYSE: BA] and the International Association of Machinists and Aerospace Workers (IAM) today began negotiating a new labor contract for more than 26,000 employees, largely in the Seattle area, Portland, Ore., and Wichita, Kan.


Full details of the information Boeing exchanged with the union today is available online at www.boeing.com/2008negotiations.
Currently, IAM-represented employees earn an average base wage of nearly $27 per hour, or nearly $56,000 annually before overtime. In addition, they receive benefits valued at more than $24,000 annually. Combined, total compensation for IAM-represented employees - including overtime pay, lump-sum wage payments and other benefits - is valued around $91,500 per year.

Originally Posted by Flat2MT

Three times the wage rate in benefits? Not even close.
Boeing will offer much less than 75% of the wage rate in benefits....

[moneill]

And that's before 'overtime'.........


WOW........

[Flat2MT]

Historical data which would be relevant if Boeing were to stay in Puget Sound for this effort - but they aren't so it isn't.

Wishful thinking but figure the odds of Boeing paying anything close to this in the lowcountry.

As stated previously, $45K in salary and benefits is about as good as it will get....

Originally Posted by USCJoe

I found the following information on line. Although the figures for the new Charleston plant/Charleston area is probably speculation at best and a good bit loweer, the below figures do seem to show that the value of a total compensation package for new workers may be a good bit higher than the average rate quoted in many publications.

SEATTLE, May 09, 2008 -- Boeing [NYSE: BA] and the International Association of Machinists and Aerospace Workers (IAM) today began negotiating a new labor contract for more than 26,000 employees, largely in the Seattle area, Portland, Ore., and Wichita, Kan.


Full details of the information Boeing exchanged with the union today is available online at www.boeing.com/2008negotiations.
Currently, IAM-represented employees earn an average base wage of nearly $27 per hour, or nearly $56,000 annually before overtime. In addition, they receive benefits valued at more than $24,000 annually. Combined, total compensation for IAM-represented employees - including overtime pay, lump-sum wage payments and other benefits - is valued around $91,500 per year.

[Chromekitty]

Originally Posted by Flat2MT

Historical data which would be relevant if Boeing were to stay in Puget Sound for this effort - but they aren't so it isn't.

Wishful thinking but figure the odds of Boeing paying anything close to this in the lowcountry.

As stated previously, $45K in salary and benefits is about as good as it will get....

I don't understand the negativity? That isn't to shabby of a salary....better than UE or no salary at all. But none the less, it can and will do good things for the area.

[OleTomCat]

What will happen is that the better skilled employees will go to where the best pay is, this will open up other jobs and eventually it will trickle down to the unemployed, as the unemployed get back to work, and newer employers build and the unemployed pool starts to dry up, the market will see and uptick in wages, mainly in the upper end but it will trickle down to the lower ones as well causing an overall increase in the salary base for the entire area.....

[Flat2MT]

Negativity? Nope. Comes down to simple economics.

I agree that $45K is pretty good given the alternative. There are a lot of people in the lowcountry who make less than this today who will chose to aggressively compete against one another for these jobs.

If one doesn't think $45K is fair, there are tens to hundreds of others who do....for each position.

The supply of workers will greatly exceed demand.

Boeing knows it and they will dictate the rules of engagement....

Originally Posted by Chromekitty

I don't understand the negativity? That isn't to shabby of a salary....better than UE or no salary at all. But none the less, it can and will do good things for the area.

[Chromekitty]

Originally Posted by Flat2MT

Negativity? Nope. Comes down to simple economics.

I agree that $45K is pretty good given the alternative. There are a lot of people in the lowcountry who make less than this today who will chose to aggressively compete against one another for these jobs.

If one doesn't think $45K is fair, there are tens to hundreds of others who do....for each position.

The supply of workers will greatly exceed demand.

Boeing knows it and they will dictate the rules of engagement....

we will see....but to damn the deal before it is done, isn't rightly fair either.

Boeing will have to create at least 3,800 jobs and invest more than $750 million in seven years to take advantage of the incentive package. Both lawmaking bodies passed the incentives unanimously, 44-0 in the Senate and 110-0 in the House.

Pulling together on Boeing incentive deal The Post and Courier - Charleston SC newspaper

[Flat2MT]

Originally Posted by Chromekitty

we will see....but to damn the deal before it is done, isn't rightly fair either.

Boeing will have to create at least 3,800 jobs and invest more than $750 million in seven years to take advantage of the incentive package. Both lawmaking bodies passed the incentives unanimously, 44-0 in the Senate and 110-0 in the House.

Pulling together on Boeing incentive deal The Post and Courier - Charleston SC newspaper

Nowhere anywhere on this thread has anyone 'damned the deal before it is done' - care to explain?

You may want to read up on your current events....the deal is done.