shootr
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Southwest Airlines and International Brotherhood of Teamsters Ratify Mechanics' Contract
Friday October 11, 4:51 pm ET
DALLAS, Oct. 11 /PRNewswire-FirstCall/ -- Southwest Airlines' (NYSE: LUV - News) 1,300 Mechanics, represented by the International Brotherhood of Teamsters, today ratified an agreement extending their contract through August 16, 2005. The contract will include pay increases for all Mechanics, along with stock options, to be granted at today's fair market value of Southwest Airlines stock.
"Our Employees have, once again, shown their commitment to the future of Southwest Airlines," said CEO and Vice Chairman of the Board Jim Parker. "The success and profitability of Southwest Airlines has meant job security, growth, and Profitsharing for our Employees, and I believe our Employees are determined to continue that success. We are blessed to have the most dedicated, caring, and entrepreneurial group of Employees in the world," Parker said.
Friday October 11, 4:51 pm ET
DALLAS, Oct. 11 /PRNewswire-FirstCall/ -- Southwest Airlines' (NYSE: LUV - News) 1,300 Mechanics, represented by the International Brotherhood of Teamsters, today ratified an agreement extending their contract through August 16, 2005. The contract will include pay increases for all Mechanics, along with stock options, to be granted at today's fair market value of Southwest Airlines stock.
"Our Employees have, once again, shown their commitment to the future of Southwest Airlines," said CEO and Vice Chairman of the Board Jim Parker. "The success and profitability of Southwest Airlines has meant job security, growth, and Profitsharing for our Employees, and I believe our Employees are determined to continue that success. We are blessed to have the most dedicated, caring, and entrepreneurial group of Employees in the world," Parker said.
