Boeing will drop big wad of bonus money on Wash. State workers
Largest bonus in company history, $600 million
February 06, 2018
Boeing workers surround one of the many world class jetliners they've built over the years. Photo: Boeing company
(NATIONAL) – Boeing company employees in Washington state are about to be on the receiving end of a collective hump-load of money.
The Boeing company has announced what it calls “the largest bonus payout in company history,” and one that employees earned.
“In the coming weeks, employees across Washington state will receive bonuses totaling nearly $600 million,” said the company in a statement issued Tuesday Feb. 6. “The large payouts reward employees for helping Boeing deliver a record number of commercial airplanes and reach new highs in other categories in 2017.”
“This just shows us that when we all work together, we can’t be beat,” said Kevin McAllister, President and CEO of Boeing Commercial Airplanes. “When we all work to drive safety, quality, flow and productivity, we all share in the value.”
And the good news for non-Boeing employees is that much of that nearly $600 million will be injected into Washington’s economy, as workers often tend to take bonus money and make purchases of things like cars, boats, motorcycles, materials for home upgrades, RV’s, major home appliances, etc.
Boeing notes that the collective amount of the bonuses would buy, for example Over 283 million pounds of Washington apples, 25,300 new cars, such as a compact SUV or 48,600 years of tuition at a Washington public college or university.
The bonuses will be distributed in employee paychecks in February and March.