Contract Modifications Ensure Workers’ Employment,
Retirement Plan
March 30, 2005(Washington, D.C.) - Teamsters employed across the
country by Continental Airlines, Inc. today ratified contract modifications by
an overwhelming margin. Approximately 3,430 aviation maintenance technicians (AMTs)
and related workers are covered by the agreement.
“This contract strengthens workers’ positions at Continental Airlines,” said
Don Treichler, Teamsters Airline Division Director. “This is a difficult time
for airlines, but we fought hard to include job protections-including a
no-furlough clause-that these skilled, hardworking Teamsters deserve.”
The contract includes caps on workers’ health insurance costs, a clause that
prohibits loss of jobs through furloughs and stronger language in the case of
bankruptcy. Numerous items in the workers’ current contract, such as their
401(k) plan, sick leave and vacation time, are unchanged.
The Continental employees voted by a 72 percent to 28 percent margin (1,751
to 667) to ratify this new agreement. These contract modifications take effect
on April 1 and run until December 31, 2008.
Founded in 1903, the International Brotherhood of Teamsters represents more
than 1.4 million hardworking men and women throughout the United States and
Canada.