Academic journal article Monthly Labor Review

Rubber Workers Ends Strike

Academic journal article Monthly Labor Review

Rubber Workers Ends Strike

Article excerpt

On the heels of a similar settlement with the Air Line Pilots Association, USAir Group signed a 5-year tentative agreement with the International Association of Machinists (IAM3--moving the financially strapped carrier closer to its goal of reducing total labor costs by $2.5 billion over the next 5 years. The airline reportedly has pledged to slash an additional $2.5 billion in operating costs over the same period by eliminating routes, selling old aircraft, and instituting other cost savings as part of a broader financial rescue package designed to ensure the carrier's survival. Like the Pilots, agreement, the IAM pact is contingent on approval of USAir's board of directors and stockholders, as well as the signing of agreements with all the carrier's unions.

Negotiators for USAir and the IAM agreed to cut wages and introduce rule changes that are intended to provide "substantial" cost savings to the carrier in exchange for improved job security, a greater say in how the company is run, and certain financial returns. The accord covered some 14,500 IAM members, including 8,000 mechanics and related employees and 6,500 fleet service employees, for whom this will be their first agreement. …

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