In addition, with ACPA, the company obtained a tariff-neutral extension for a period of 21 months, following the lead of IAMAW, CAW Local 2002 and CALDA. The terms of the four unions` employment contract renewal agreements provide that there must be no change in rates of pay and pension benefits during the extension period. The contract renewal agreement and the agreement on the moratorium on pensions are subject to ratification by accession. For more information: Isabelle Arthur (Montreal), [email protected], 514 422-5788; Peter Fitzpatrick (Toronto) [email protected], 416-263-5576; Angela Mah (Vancouver), [email protected], 604-270-5741; aircanada.com In addition, the agreements provide that 15% of the company`s interest in a trust will be allocated to unionized employees, with the proceeds of the sale allocated to the deficit in the retirement plan. A seat on the Board of Directors is allocated for appointment by an agent representing Air Canada`s unions, while possession exceeds 2 per cent. Air Canada is Canada`s largest domestic and international airline, serving more than 200 airports on six continents. Canada`s flagship carrier is one of the 20 largest airlines in the world and served more than 38 million customers in 2014. Air Canada offers scheduled air services directly to 63 airports in Canada, 52 in the United States and 86 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central and South America. Air Canada is a founding member of Star Alliance, the world`s largest airline network serving 1,321 airports in 193 countries. Air Canada is the only international network airline in North America to achieve a four-star rating, according to British independent research firm Skytrax. For more information, see: www.aircanada.com, follow @AirCanada on Twitter and join Air Canada on Facebook.
The airline has now reached preliminary agreements on a moratorium on pension funding with all of its unionized staff in Canada, following a preliminary agreement with its three unions, Canadian Auto Workers (CAW), International Association of Machinists and Aerospace Workers (IAMAW) and the Canadian Association of Dispatcher Airlines (CALDA) on June 8, 2009. MONTREAL, Dec. 18, 2015 /CNW Telbec/ – Air Canada and the International Association of Machinists and Airspace Workers (IAMAW) announced today that they have reached a new agreement on the terms of the collective agreement for a decade, which requires ratification. IAMAW represents 7500 Air Canada employees who work in technical maintenance and as operational support personnel at baggage handling airports and Air Canada Cargo. This agreement with iAMAW, which requires ratification, follows the conclusion in November 2015 of a new agreement with Air Canada`s 6500 flight attendants on ten-year collective agreements. This is the sixth agreement reached by Air Canada and its unions, including the ACPA, which represents the 3,000 pilots of the company, Unifor, which represents the 4,000 customer service and sales agents of the airline in Canada, the International Brotherhood of Teamsters (IBT), which represents its United States. . . .