US AIRWAYS’ THREE IAM UNITS RATIFY AGREEMENTS ON
MORE THAN $353 MILLION IN
ANNUAL COST SAVINGS
All Agreements Now Ratified; Company Achieves Labor Savings Goal of more than $1 Billion
ARLINGTON, Va., Jan. 21, 2005 -- US Airways announced today that all three of its employee groups represented by the International Association of Machinists (IAM) have ratified cost-savings agreements.
The ratification, representing a savings of more than $353 million annually over the course of five years, covers approximately 8,800 US Airways mainline employees, including mechanics, utility, fleet service, stock clerks, and maintenance training specialist workers.
The agreement for the mechanics and related employees was ratified by a 61 percent margin, while fleet service employees ratified by a 62 percent margin, and the maintenance training specialist agreement was ratified by a 97 percent margin.
“We have a great deal of respect for our IAM employees, as they were faced with an enormously difficult decision,” said Jerrold A. Glass, US Airways senior vice president of employee relations. “While this ratification vote marks the end of a long and arduous process, it also represents a new beginning for our company. All employees have made tremendous sacrifices, and now we will work in unity to improve relations, transform our business, and emerge as a stronger airline.”
US Airways has ratified cost-savings agreements with all of its labor groups, including non-unionized employees, totaling over $1.1 billion annually. US Airways’ labor work groups are represented by the Air Line Pilots Association (3,074 active employees), Association of Flight Attendants (5,629 active employees), Communications Workers of America (5,387 active employees), IAM (8,814 active employees), and Transport Workers Union (215 active employees). These more than 23,000 unionized employees contributed more than $1.04 billion in average annual cost savings to help implement the company’s Transformation Plan.
US Airways is the nation’s seventh-largest airline, serving nearly 180 communities in the U.S., Canada, Europe, the Caribbean and Latin America. US Airways, US Airways Shuttle and the US Airways Express partner carriers operate approximately 3,200 flights per day. For more information on US Airways flight schedules and fares, contact US Airways online at usairways.com.
US Airways is a member of the Star Alliance network. Star Alliance was established in 1997 as the first truly global airline alliance to offer customers global reach and a smooth travel experience. The members are Air Canada, Air New Zealand, ANA, Asiana Airlines, Austrian, bmi, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, Spanair, Thai Airways International, United, US Airways and VARIG Brazilian Airlines.
Reporters needing additional information should contact US Airways Corporate Affairs at (703) 872-5100.
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