Pilotman123
New member
- Joined
- Jun 3, 2005
- Posts
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Continental Airlines Asks Government to Mediate Negotiations With Flight Attendants Union
HOUSTON (AP) -- Continental Airlines Inc. on Tuesday said it asked a federal mediator to step into negotiations between the company and its unionized flight attendants. The nation's fifth-largest airline said it wants pay and benefit cuts from the employees, who are represented by the Internal Association of Machinists.
Other workers have agreed to reductions in pay and benefits, said Larry Kellner, chairman and chief executive. Flight attendants' share of the cuts "remains necessary to help ensure our survival and success," he said in a statement.
Continental applied for help from the National Mediation Board, which can aid the company and the flight attendants in negotiations but has no authority to impose terms. Federal mediation will not disrupt operations, Continental said.
The company said in a statement that current levels of pay and benefits for attendants "aren't sustainable."
Continental pilots, mechanics, dispatchers and engineers agreed to about $418 million in pay and benefits cuts in March. The flight attendants were the only group that did not agree to the concessions.
In May, Continental posted a wider loss of $184 million, or $2.77 per share, versus a loss of $124 million, or $1.90 per share, a year earlier. The company blamed "extraordinarily" high fuel prices and weak domestic yields. Shares of Continental Airlines rose 36 cents to $14.12 in afternoon trading on the New York Stock Exchange.
Not sure I understand the logic, when every other labor group has taken cuts....any comments?
HOUSTON (AP) -- Continental Airlines Inc. on Tuesday said it asked a federal mediator to step into negotiations between the company and its unionized flight attendants. The nation's fifth-largest airline said it wants pay and benefit cuts from the employees, who are represented by the Internal Association of Machinists.
Other workers have agreed to reductions in pay and benefits, said Larry Kellner, chairman and chief executive. Flight attendants' share of the cuts "remains necessary to help ensure our survival and success," he said in a statement.
Continental applied for help from the National Mediation Board, which can aid the company and the flight attendants in negotiations but has no authority to impose terms. Federal mediation will not disrupt operations, Continental said.
The company said in a statement that current levels of pay and benefits for attendants "aren't sustainable."
Continental pilots, mechanics, dispatchers and engineers agreed to about $418 million in pay and benefits cuts in March. The flight attendants were the only group that did not agree to the concessions.
In May, Continental posted a wider loss of $184 million, or $2.77 per share, versus a loss of $124 million, or $1.90 per share, a year earlier. The company blamed "extraordinarily" high fuel prices and weak domestic yields. Shares of Continental Airlines rose 36 cents to $14.12 in afternoon trading on the New York Stock Exchange.
Not sure I understand the logic, when every other labor group has taken cuts....any comments?
