The interim agreements offer the sector the best protection against outsourcing and security of iron use. These agreements provide for immediate wage increases of between 4% and 18%. These increases, combined with the interim wage adjustment in 2016, have pushed rates of pay from 23% to 53% since the merger between American Airlines and US Airways. These agreements also offer the best incentive formula in the industry, which signs bonuses of $3,000 to $6,000, increases premium payments, generously improves retirement provision, maintains affordable health insurance options, and secures each member`s employment at its current site. WASHINGTON, 30 YEARS OLD. January 2020 – The TWU-IAM Association announced today that it has entered into tentative agreements with American Airlines for five new Joint Collective Agreements (JCBA) worth $4.2 billion to cover more than 30,000 members of Mechanic & Related, Fleet Service, Maintenance Control, MLS/Stores and Maintenance Training Specialist. The interim agreements provide the sector with peak wages, social benefits and working conditions. For more details on the agreements, click here. Additional information, including the full language of the treaty, will be available to all members before the ratification vote is scheduled.
Preliminary agreements are subject to ratification by members of the Maintenance & Related and Fleet Service team, represented by the association. The association will communicate the details of the agreements to its members in the coming weeks. „Our members at Maintenance & Related and Fleet Service are the best in the industry and work incredibly hard to take care of our customers,“ said Doug Parker, President and CEO of American. „They deserve contracts that involve significant improvements in wages, quality of life and job protection. Preliminary agreements provide all this – and more. We appreciate the negotiators of the association and the company who have worked so hard to reach us so far, as well as the National Conciliation Committee for their instructions. FORT WORTH, Texas — American Airlines and the TWU-IAM Association this week reached preliminary agreements on new joint collective agreements covering more than 31,000 team members. „The bargaining team had the opportunity to quickly accept a low-quality contract or do the hard and tedious work of fighting for the best possible contract,“ said Sito Pantoja, president of the association and vice president Alex Garcia. „Together, after more than four years, the terms of these agreements are proof that we have taken the right track and secured the best contracts in the aviation sector. We thank the members of the TWU-IAM Association for their solidarity and patience. The association and American Airlines have reached an agreement on the implementation of certain elements of the JCBA.
The following items cover payment, retirement, and some benefits that are most important to our membership: The impact of the severe COVID-19 pandemic on the operation of the business has led to uncertainty about the ability to predict precise implementation dates for certain contractual objects that the company is required to create. . . .