From IAM Web site
March 30, 2005
IAM/Continental Airlines Update -
Contract Ratification Results
The IAM-Continental Airlines tentative agreement has been rejected by a majority of the membership.
The rejection means that Flight Attendants have lost the negotiated two percent base wage increases due in both 2007 and 2008, the pension increases that would have exceeded forty percent, the enhanced job security provisions and the Continental stock options Flight Attendants were entitled to receive.
The IAM’s current collective bargaining agreement with Continental Airlines remains in full force and effect in accordance with the status quo provisions of the Railway Labor Act. District 142 will continue addressing your needs and issues with Continental Airlines.
We will keep you advised of any new developments.
Sincerely and fraternally,
Will be interesting what the company does now. The concession deal was all or nothing, with all unions having to agree for the cuts to take affect.
Lets see if the company tries to make individual deals with the unions, or tries to sweeten the pot for a second round of voting.