UPDATE 1-Continental strikes deal with flight attendants
Thu Dec 8, 2005 06:39 PM ET
(Adds outlines of deal, background, quote, changes dateline from LOS ANGELES)
WASHINGTON, Dec 8 (Reuters) - Continental Airlines (CAL.N: Quote, Profile, Research) on Thursday struck a last minute agreement on a contract with its flight attendants, breaking a months-long deadlock with the last holdout against a management cost-cutting bid.
The four-year tentative deal preserves the pay scale for current flight attendants, boosts the top base pay rate to $50 an hour and includes a no-furlough clause, the union said.
http://yahoo.reuters.com/financeQuoteCompa...08149855_newsml
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Looks like pay was preserved for everyone on the property. Perhaps the new hires will be starting at much less, like a new B-scale of sorts. Anyone have more details?
Thu Dec 8, 2005 06:39 PM ET
(Adds outlines of deal, background, quote, changes dateline from LOS ANGELES)
WASHINGTON, Dec 8 (Reuters) - Continental Airlines (CAL.N: Quote, Profile, Research) on Thursday struck a last minute agreement on a contract with its flight attendants, breaking a months-long deadlock with the last holdout against a management cost-cutting bid.
The four-year tentative deal preserves the pay scale for current flight attendants, boosts the top base pay rate to $50 an hour and includes a no-furlough clause, the union said.
http://yahoo.reuters.com/financeQuoteCompa...08149855_newsml
********************************************************
Looks like pay was preserved for everyone on the property. Perhaps the new hires will be starting at much less, like a new B-scale of sorts. Anyone have more details?