Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The state will look closely at Boeing’s tax breaks if 787 production leaves

The state will look closely at Boeing’s tax breaks if 787 production leaves

Workers cross a street near the Boeing 737 MAX factory on April 29, 2020 in Renton, Washington. (Photo by Stephen Brashire / Getty Images)

The Wall Street Journal reports that Boeing is likely to consolidate its 787 Dreamliner assembly in South Carolina in a move that will eliminate 787 production in the Puget Sound region.

The WSJ said it was unclear on the timeline or how many employees would be affected by the decision. The announcement could come immediately this week, WSJ sources said.

The county is “deeply disappointed”

; by Boeing’s decision to move production of the 787 from Everett

Washington Gov. Jay Insley issued a statement Wednesday after the reports. He says that if the report is true, Boeing will “turn its back” on workers and “the best place in the world to build airplanes.”

Inslee adds that if true, the state will be forced to reconsider its partnership with Boeing Company, which includes a look at “the company’s favorable tax treatment.”

Washington lawmakers may suspend Boeing tax breaks not sold on refund

The governor says he and his office have contacted Boeing several times in recent weeks to ask what the state needs to do to keep 787 production in Washington, but has not received a response.

Read Governor Inslee’s full statement:

If the Wall Street Journal report is accurate, Boeing will turn its back on the best workers and the best place in the world to build airplanes. Washington State supported the company with a well-trained workforce, a stable supply line, unparalleled infrastructure, world-class research institutions and the best business climate in America. If this report is true, it would require a review of this partnership, including a strict look at the company’s favorable tax treatment.

As long as Washington continues to have more than 70,000 employees in space, the move could threaten up to 1,000 jobs in Washington.

We have repeatedly asked Boeing what it takes to maintain the production of the 787 in Washington. We have not heard anything in response. Nor have we heard anything about how to restart this work when conditions improve. This move would signal a commitment to short-term profits and Wall Street – rather than quality, safety and a vision for the future of the industry.

Washington State remains the best place in the world for aircraft production. Boeing still has a large presence here, among an innovative space sector that includes some of the best workers everywhere and hundreds of businesses that are part of a high-quality supply chain. The future is here.

I am ready to work with the Boeing Company to keep our production here, as well as the workforce to ensure that, regardless of the outcome, we keep a strong aerospace sector alive in Washington State.

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