American Reaches Deal With Mechanics

American said it has reached a tentative contract agreement with its TWU-represented mechanics.
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DALLAS (

TheStreet

) --

American

(AMR)

said it has reached a tentative contract agreement, covering mechanics and related workers, with the Transport Workers Union.

"This tentative agreement provides our mechanics with market-based compensation, including structural increases, and enhancements to other contract items such as vacation, holidays and sick leave," the carrier said in a prepared statement issued late Wednesday. "It also provides American additional flexibility in its maintenance operation."

The agreement would impact about 11,500 workers.

"It is our understanding the TWU is recommending the ratification of the tentative agreement and will provide details regarding its terms and the ratification process to their members in the coming days," American said.

-- Written by Ted Reed in Charlotte, N.C.