Mon, Sep 13, 2010
Mechanics Would Receive Healthy Raises, Signing Bonuses
Continental Airlines and the International Brotherhood of
Teamsters announced Friday they had reached a tentative agreement
on a new labor contract with the (IBT) representing Continental
aircraft maintenance technicians and related employees. The IBT is
expected to hold a ratification vote in the coming weeks.
"(The agreement) recognizes the hard work of our technicians,"
said Mike Bonds, senior vice president of human resources and labor
relations for Continental. "We look forward to continue working
together with the IBT."
That sentiment was echoed by labor representatives. "This is a
good agreement, with healthy raises and signing bonuses," said
Teamsters Airline Division Director David Bourne. "It recognizes
the contribution that our ... mechanics make to the success of
According to the Teamsters website, the contract provides a
signing bonus of up to $6,000.00, based on longevity, to be paid on
or before November 15, 2010. There is also a 2.5% increase in
base as of 1/1/09; 2.5% compounded increase in base as of 7/1/10,
with retro pay to be applied to both 1/1/09 and 7/1/10 increases
and paid on or before November 15, 2010; 2.5% compounded increase
as of 7/1/11; and 2.5% increase as of 7/1/12. An additional one
million dollars in one-time bonus pay to be allocated to members on
a longevity basis.
The agreement covers approximately 3,700 Continental technicians
and related employees located throughout the United States. A date
for the ratification vote has not yet been set, but it is expected
within the coming weeks. The count is expected in mid-October.
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