Prepare, if you did not already.
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Just submitted to take my lump sum pension :-)
Good luck everyone
The lump sum option only recently became an option. So not having taken it wasn't because one trusted the leadership to do the right thing. If you worked for Boeing you know the leadership only does what is personally best for them with little regard for employee welfare or public safety.
Waiting for Boeing to declare they are restructuring their debt and seeking protection from creditors as a front to avoid paying pension benefits to retirees.
The Company has no ethics. If they can avoid paying pension benefits through a modified bankruptcy protection filing they will.
I feel terrible for anyone who did not take a lump sum payment and trusted the company to do the right thing.
It doesn't look like Boeing will get 737Max 10 certified by the year end deadline to avoid redesigning thevcrew alert system to modern and safer standards. Given Boeing's history of unsafe design and shoddy manufacturing, Congress and FAA should hold Boeing to task and schedule and NOT grant them another delay waiver. In fact, if Congress and FAA truly put safety first, they should required all 737s to be brought up to modern and safer standards or ban them from operations in next few years.
The Feds predict a recession next year, how will that effect Boeing. Will there be layoffs, VLO’s?
To sustain employment they should just convert us to the IRS. It's run about the same.
Wake em up
You have until April from what one lawyer has leaked. Best wishes.
Most people already have an exit strategy and if they haven’t already left the company are planning to.