No bonuses for white-collar Boeing employees this year

Boeing will not pay annual bonuses to its management, executives or unionized engineers and white-collar workers next February, payouts that for many years have pumped millions of extra dollars into the accounts of employees in the Puget Sound region and beyond.

The internal announcement Thursday followed release of its third-quarter results.

“With only one quarter left in the year, the grounding since March of the 737 Max and the associated financial effects have severely impacted the company’s performance by limiting the ability to deliver planes and collect on customer contracts,” Boeing told employees on its internal website. “The company does not see a path to achieving an incentive payout for 2019.”

Heidi Capozzi, Boeing’s senior vice president of human resources, acknowledged the news would be “disappointing.”

Last February, Boeing employees across Washington state received incentive bonuses totaling nearly $429 million out of a total companywide payout of $886 million. That meant an average bonus of $6,800 per employee here.

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