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UAL Averts Mechanics Strike  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (14 years 2 months 3 weeks 6 days 21 hours ago) and read 1243 times:

FT Extract

United Airlines averts walk-out by mechanics
By Julie Earle in New York
Published: March 6 2002 20:53 | Last Updated: March 6 2002 20:58

United Airlines, the second-largest US carrier, secured a contract with its mechanics that will avert a walk-out by about 12,800 employees on Thursday.

Analysts were watching the contract negotiations closely with a view to a credit rating downgrade. The mechanics' union had rejected a pay offer in February and overwhelmingly voted for strike action.

Wednesday's approval of the contract by the International Association of Machinists will avert a prolonged strike which ratings agency Standard & Poor's had warned could push the troubled carrier and its parent, UAL, over the edge.

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