United Airlines, a wholly owned subsidiary of United Continental Holdings, Inc. (NYSE: UAL), today announced that mechanics represented by the International Brotherhood of Teamsters (IBT) ratified a new labor agreement with the company.
“This is another important step which benefits our co-workers and contributes to the future success of United,” said Jim Keenan, senior vice president of Technical Operations for United. “We now turn our attention to a joint agreement for all United and Continental mechanics, and are committed to reaching an agreement that is fair to the company and fair to our employees.”
The new agreement covers approximately 5,500 United mechanics. The company and the IBT will soon commence negotiations for a joint collective bargaining agreement for mechanics at both the United and Continental subsidiaries. Continental mechanics represented by the IBT ratified their collective bargaining agreement in November of 2010.
About United Continental Holdings, Inc.
United Continental Holdings, Inc. is the holding company for both United Airlines and Continental Airlines. Together with United Express, Continental Express and Continental Connection, these airlines operate an average of 5,717 flights a day to 376 airports on six continents from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark Liberty, San Francisco, Tokyo and Washington, D.C. United and Continental are members of Star Alliance, which offers more than 21,200 daily flights to 1,185 airports in 185 countries. United and Continental’s more than 80,000 employees reside in every U.S. state and in many countries around the world.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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