In March, 75% of US Airways flight attendants rejected a tentative contract agreement in a ratification vote, but union leaders said Wednesday that a new deal has been reached.
The deal preserves job protections in the existing contract with flight attendants at US Airways and extends those protections to flight attendants at the former America West, which merged with US Airways in 2005. It also increases compensation, union leaders said in a message to members.
"In the current industry environment and our management's focus on a new merger, we took very seriously our responsibility to bring you an agreement that you could vote on," the leaders wrote. "We knew it was important to give you the chance to lock in improvement and, most importantly, the ability to lock in protections in a single contract with a better foundation for our next agreement."Following the contract rejection in March, the union surveyed members on needed improvements. That survey led union negotiators to focus on compensation, job security and work rules. -- Written by Ted Reed in Charlotte, N.C. >To contact the writer of this article, click here: Ted Reed >To follow the writer on Twitter, go to http://twitter.com/tedreednc.
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 + 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