US Airways'' Mechanics Ratify Restructuring Agreement
ARLINGTON, Va., Sept. 17 /PRNewswire-FirstCall/ -- US Airways'' mechanics and related workers, represented by the International Association of Machinists (IAM) District 141-M, today ratified the agreement on the Company''s restructuring with 57 percent voting to support the proposal.
The ratification of this last remaining employee agreement provides us with tremendous momentum to secure our financing, complete our restructuring plan, and emerge from bankruptcy early in 2003. We have the elements in place to become a competitive and successful airline, and ultimately our mechanics and related employees recognized that some painful tough decisions now can lead to success and opportunities, said Jerry A. Glass,[b/] US Airways senior vice president of employee relations. All of our employees deserve credit for their willingness to work with us to restructure the company, preserve pensions and benefits, and give US Airways a new lease on life.
US Airways has restructuring plan agreements in place with all of its employees, including its pilots, represented by the Air Line Pilots Association; flight attendants, represented by the Association of Flight Attendants; simulator engineers, dispatchers, and the flight crew training instructors, each represented by the Transport Workers Union; fleet service workers, represented by International Association of Machinists District 141; maintenance training specialists, also represented by the IAM, and reservations and airport ticketing and gate workers represented by the Communications Workers of America.
ARLINGTON, Va., Sept. 17 /PRNewswire-FirstCall/ -- US Airways'' mechanics and related workers, represented by the International Association of Machinists (IAM) District 141-M, today ratified the agreement on the Company''s restructuring with 57 percent voting to support the proposal.
The ratification of this last remaining employee agreement provides us with tremendous momentum to secure our financing, complete our restructuring plan, and emerge from bankruptcy early in 2003. We have the elements in place to become a competitive and successful airline, and ultimately our mechanics and related employees recognized that some painful tough decisions now can lead to success and opportunities, said Jerry A. Glass,[b/] US Airways senior vice president of employee relations. All of our employees deserve credit for their willingness to work with us to restructure the company, preserve pensions and benefits, and give US Airways a new lease on life.
US Airways has restructuring plan agreements in place with all of its employees, including its pilots, represented by the Air Line Pilots Association; flight attendants, represented by the Association of Flight Attendants; simulator engineers, dispatchers, and the flight crew training instructors, each represented by the Transport Workers Union; fleet service workers, represented by International Association of Machinists District 141; maintenance training specialists, also represented by the IAM, and reservations and airport ticketing and gate workers represented by the Communications Workers of America.
