Teamsters, Continental Reach Tentative Agreement On Contract
(WASHINGTON) –The International Brotherhood of Teamsters announced today that the mechanics it represents at Continental Airlines (NYSE: CAL) reached a tentative agreement on a new contract with the company.
The Teamsters represent 3,700 Continental aircraft maintenance technicians and related employees who work in the United States.
“This is a good agreement, with healthy raises and signing bonuses,” said Teamsters Airline Division Director David Bourne. “It recognizes the contribution that our hard-working mechanics make to the success of Continental Airlines.”
A date for the ratification vote has not yet been set, but it is expected within the coming weeks. The count is expected in mid-October.
Founded in 1903, the International Brotherhood of Teamsters represents more than 1.4 million hardworking men and women in the United States, Canada and Puerto Rico.