Boeing union reportedly to vote on strike action

LOS ANGELES (MarketWatch) -- A union representing engineers at Boeing Co. plan to hold a vote over the next two weeks on whether to authorize a possible strike at the aerospace major, reports said late Thursday. A yes vote from the union members, which Reuters said includes about 23,000 Boeing engineers, would give the union power to call a strike action at any time. The engineers oppose a move to a defined-contribution retirement plan from the current defined-benefit plan, Reuters said. The voting will also include a question on whether to accept Boeing's latest contract offer, and the union is recommending its members to reject it, Dow Jones Newswires reported. The vote will be tallied Feb. 19, and Boeing has said it has other engineers it can draw on if a strike goes ahead, according to Reuters.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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