It's official:
http://biz.yahoo.com/prnews/021220/dcf051_1.html
And
Machinists, US Airways
Reach Tentative Accords
Washington, D.C., December 20, 2002 - The International Association of Machinists and Aerospace Workers (IAM) today announced two tentative agreements for 11,100 IAM represented employees at US Airways.
"We believe the agreement affords US Airways the best opportunity to avoid liquidation and preserve our members’ jobs," said District 141-M President Scotty Ford. "Therefore, the District 141-M Negotiating Committee recommends ratification of this tentative agreement."
The tentative agreements call for productivity enhancements, staffing flexibility and modifications to medical benefit plans. If ratified, the Mechanical & Related agreement would provide US Airways with $45 million in annual cost savings. The Fleet Service agreement would provide $14 million in annual cost savings to the bankrupt carrier.
"Our members have to examine their own personal situation, compare employment alternatives, and determine if this agreement is in their best interest," said District 141 President Randy Canale. "Each member now has to make their own personal business decision. Based on the foregoing, the District 141 Solidarity Committee recommends a ‘yes’ vote for ratification to preserve all of your personal options."
Each IAM District will vote on separate tentative agreements. IAM District 141 represents US Airways’ 4,900 Fleet Service employees. IAM District 141-M represents the carrier’s 6,200 Mechanical & Related employees. Informational meetings are being scheduled and voting will take place for both Districts in early January 2003.
Details of the tentative agreements can be found on the two District web sites at www.iam141.org and www.iam141m.org.