Union for United Airlines' mechanics, other staff, secures in-principle pact for new contract

United Airlines Holdings

United Airlines Holdings

UAL

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July 21 (Reuters) - A union representing over 11,000 mechanics and other employees at United Airlines UAL.O secured an in-principle agreement for a new contract following two years of bargaining, it said on Tuesday.

  • The new contract agreed by the Teamsters United Airlines union will provide a $5,000 signing-on bonus per member, totaling $54 million.

  • The union said it "fully recommends ratification of this agreement."

  • The contract promises "industry-leading wage increases" and brings down "wage progression to top-of-scale pay" to five years, from the current eight-year period.

  • Union members will have the opportunity to review the full contract and vote for ratification once the details and language of the contract are finalised.


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