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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (2493)	10/15/1999 5:55:00 AM
From: oilbabe	Read Replies (1) \| Respond to of 3764

Boeing accused of discrimination Last Update: 1:31 AM ET Oct 15, 1999 NewsWatch SEATTLE (AP) -- A group of ethnic minority workers is suing Boeing, lodging racial discrimination complaints similar to those of black Boeing workers who recently settled for $15 million in a lawsuit against the company. Nine current and former Boeing employees are seeking class-action status and alleging that Boeing denied them promotions, laid them off unfairly and failed to stop co-workers and supervisors from making racist remarks. Today on CBS MarketWatch Boeing flies to the Dow's rescue Treasury bonds hit two-year lows Sun Micro tops targets Boeing shares take flight Wit Capital may line up Sherwood for AOL after-hours trading More top stories... CBS MarketWatch Columns Updated: 10/14/99 5:33:36 PM ET Boeing spokesman Peter Conte said the company had not seen the lawsuit and could not comment specifically on it. "A company the size of Boeing is not immune to the improper actions of individuals," Conte said. "Boeing does not tolerate discrimination or intimidation. When allegations are substantiated, we take action." The plaintiffs include Pakistani, Indian, Iranian and Vietnamese engineers and technicians. Khalil Nouri, a native of Afghanistan and one of the plaintiffs, said Asian Americans fill 25 percent of the technical and engineering jobs at Boeing but 98 percent of the top two levels of those jobs are filled by white employees. "The promotions of whites are advancing at a far faster pace ... Asians are going out the door at a far faster pace than the whites," said Nouri, a former tool design engineer. Last month, a judge approved a $15 million settlement between Boeing and black workers who claimed that they were passed over for promotion, harassed and retaliated against when they complained. As part of that settlement, Conte said, Boeing is implementing a plan to improve promotion practices. The plan benefits all Boeing workers, he said. On Thursday, Boeing said that third-quarter profits from operations nearly doubled, in a better-than-expected report signaling that a recovery at the world's largest aircraft maker remains on track. See full story. Boeing (BA: news, msgs) shares rose 3 1/8 Thursday to close at 43 5/8.