Exclusive: Boeing unions seek conditions on $8.7 billion in tax credits

Published 01/21/2015, 01:43 PM
Updated 01/21/2015, 01:50 PM
© Reuters. The Boeing logo is seen at their headquarters in Chicago
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NEW YORK (Reuters) - Boeing Co's (N:BA) two largest labor unions said on Wednesday they are working on a pair of legislative bills that would put conditions on $8.7 billion in tax credits that Washington state gave to Boeing and the state aerospace industry in 2013.

The tax credits were a condition of Boeing's decision to locate production of its 777X jetliner in Washington state, and altering them could change the business case for that decision.

© Reuters. The Boeing logo is seen at their headquarters in Chicago

Union leaders said they plan to introduce the bills in the state legislative session that began last week. One bill would specify the number of jobs Boeing must maintain in the state to receive the tax credits. A second bill would require companies that receive the credit to pay a "living wage," Larry Brown, legislative director of the International Association of Machinists District 751, told Reuters.

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