Boeing Aims to Cut Thousands Despite Tax Incentives

IAM District 751 President Jon Holden addresses a press conference demanding tax accountability after legislation passed that provided Boeing with $8.7 billion in tax incentives.

The president of IAM District 751 expressed anger and frustration in the wake of a recent Seattle Times article that said the Boeing Co. is looking to eliminate thousands more jobs held by Washington state residents.

“We have not been notified of these types of workforce reduction numbers,” said District 751 President Jon Holden. “This is why we focused so much energy on trying to get job number guarantees for the $8.7 billion in aerospace tax incentives that our citizens are paying.”

Boeing already has eliminated more than 5,300 jobs held by Washington state residents since November 2013, when Washington’s Legislature passed the largest corporate tax incentive in U.S. history, with the intent of growing the state’s aerospace industry.

“This should make it clear to the legislature why it is important to tie guaranteed job numbers to tax incentives like the other states have done,” said Holden.