Snapbacks would be costly for United. In 2002, a top-scale fleet service worker earned $23.79 an hour and paid nothing for a family health care plan. Today, the same worker earns $21.01 an hour and pays $212 a month for the plan.
At Continental, about 9,500 IAM-represented flight attendants reached a tentative agreement in September. Then members rejected it. Tom Brickner, IAM airlines coordinator, said the agreement was a good one, with a no-furlough guarantee, profit sharing and wage hikes of 2.5%, 2.5% and 2% over three years. Compensation would have been $11.50 hour higher than what United flight attendants make, he said.
The problem? Brickner said the union "viewed this agreement as a down payment on what the merger could produce
On Friday, the IAM said that, at its request, the National Mediation Board has assigned a mediator to the negotiations, which are set to resume on Dec. 8. After a year of talks, "requesting the help of a federal mediator is the next logical step in the bargaining process," said negotiating committee member Sheila Hammond, in a prepared statement.United's 13,500 flight attendants are represented by the Association of Flight Attendants. "There's a lot of optimism about how this
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV