Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

UAL Averts Mechanics Strike

Thu Mar 07, 2002 8:09 am

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.
Anyone can fly, only the best Soar.

Who is online

Users browsing this forum: aaflyer777, babastud, BaconButty, Baidu [Spider], Bing [Bot], Braniff747SP, BreninTW, carljanderson, CV990A, EddieDude, Google [Bot], HALtheAI, IPFreely, jmc1975, LAX772LR, milemaster, RogerMurdock, SInGAPORE_AIR, SJOtoLIR, TZTriStar500 and 299 guests