AFA - US
Airways E-Line July 1, 2002
http://www.afausairways.org/eline.htm |
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Contents:
Flight
Attendants Reach Tentative Agreement with US Airways
For Immediate Release
July 1, 2002
WASHINGTON—
The US Airways flight attendants, represented by the Association of Flight
Attendants, AFL-CIO, reached a tentative agreement Sunday night on a plan
that will provide the airline with $77 million a year in cost savings through
2008.
The tentative deal was reached
as US Airways attempts to obtain labor cost reductions as part of its plan
to restructure the airline outside of bankruptcy. The airline is
also seeking to secure a $900 million loan guarantee from the Air Transportation
Stabilization Board. Terms of the loan guarantee also require labor
cost cuts.
“This deal represents the
flight attendants’ efforts to help our airline survive,” said AFA US Airways
Master Executive Council President Karen Lascoli. “If US Airways is forced
into bankruptcy in its attempt to restructure, this agreement provides
needed protection for flight attendants.”
Before the terms of the deal
are put into place, it must be ratified by a vote of the US Airways flight
attendants. The AFA US Airways MEC voted unanimously today to send
the agreement out to the flight attendants for a ratification vote.
A majority of the MEC also voted to recommend that flight attendants cast
their ballot “FOR” the deal. The ratification vote schedule has not
yet been set.
In return for the concessions
offered in the agreement, flight attendants will receive protection from
additional cuts in the event that US Airways files for bankruptcy. The
deal also provides financial returns for the flight attendants when the
airline becomes profitable and assurances that flight attendants won’t
bear more than their fair share of the concessions when compared to potential
deals made with other labor groups. Further details on the tentative
agreement will be released after the flight attendants have a chance to
review the plan.
More than 50,000 flight attendants
at 26 airlines, including 10,000 at US Airways, join together to form AFA,
the world’s largest flight attendant union. Visit us @ www.afanet.org.
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