Wed, Apr 30, 2003
$314 Million a Year Breathing Room for UAL's
Board
The United flight attendants, represented by the Association of
Flight Attendants, AFL-CIO, ratified an agreement with management
to invest $314 million in our airline each year over the next six
years.
75% of
eligible flight attendants who cast their ballots voted for the
contract. Over sixty-three percent of eligible flight attendants
voted.
AFA United Master Executive Council President Greg
Davidowitch issued this statement:
"United now has the Flight attendant cost savings needed to
successfully restructure and emerge from bankruptcy as a
competitive and premier airline in our industry. The results of
this vote, however, do not give us cause for celebration. The
sacrifices borne by the front line employees in ratifying
concessions that will affect our wages, benefits, pensions, and
work rules will have a harsh effect on our work lives and our
families.
"This vote is historic, but not unprecedented.
Flight attendants have consistently done what is necessary to
ensure the success of our airline. Through no fault of our own,
this company is experiencing the most difficult days of its 75-year
history. Yet, today we have ratified an agreement that invests our
hard earned income into our airline in the form of concessions. In
return, flight attendants will participate in profit sharing, and
will receive incentive bonuses, and equity that will pay off as the
company returns to profitability. In spite of the devastating world
events and injurious business decisions by management, we will do
everything in our power to ensure that our airline prospers, flight
attendants get their returns, and United continues to provide
security for all of United's employees.
"Today marks an immense step towards stability and security for
our airline and our jobs, but we know we have a great deal of hard
work before us. Throughout this process, we will continue to
question and expose shortsighted decisions and executive greed
because the employees of this airline will not accept making these
extreme sacrifices in vain. Our dedication to our jobs and our
airline shall not waiver as we continue to demand the best
decisions for the stability, success, and future growth of our
company."
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