Onex says it will stick with Boeing purchase - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Onex says it will stick with Boeing purchase

Updated:
WICHITA, Kan. (AP) _ The proposed buyer of Boeing's aircraft division in Oklahoma and Kansas says it's not backing out after losing a key contract vote with the plant's largest union.

Onex Corporation said it will complete its acquisition of Boeing's operations in Wichita, Tulsa and McAlester, Oklahoma, by mid-June.

Members of the machinists union voted down a contract proposal from Onex on Tuesday. Onex had said it would walk away from the purchase if that contract failed.

Onex managing director Nigel Wright said Thursday job offer letters will be sent to union members, offering the same salary and benefits as in the contract.

But he said the members would not be offered an equity stake in the business, as proposed in the original contract. They also won't be eligible for a Machinist union-backed pension plan.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.