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IAM Local Lodge 1635 |
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Local Lodge 1635 News  Machinits at UAL to vote on Agreement with Pensions6/17/2005IAM District 141 today announced IAM members will vote on a five-year tentative agreement with United Airlines that resolves all outstanding issues for an amended collective bargaining agreement. Voting will be concluded by July 22, 2005. "We believe this tentative agreement is fair to our members and contributes the cost savings United needs," said Randy Canale, President of IAM District 141. "The IAM Negotiating Committee unanimously recommends ratification of this tentative agreement as the best way to avoid contract termination, provide secure pension benefits and job security for our members." The agreement establishes participation in the multi-employer IAM National Pension Plan. The IAM National Pension Plan is a fully-funded defined benefit plan covering 65,000 beneficiaries at 1,700 U.S. companies. The full details of the agreement will be presented to the IAM District 141 Executive Board on Tuesday, June 21, 2005 and then released to the membership at 12:00 noon EDT the same day. "This Negotiating Committee did an outstanding job under appalling circumstances," said Robert Roach, Jr., IAM General Vice President of Transportation. "They deserve to be commended, as does the entire membership who stood tall in their fight for fairness and refused to be intimidated throughout this ordeal." "This agreement preserves the integrity of our contracts and bargaining rights at United," said Canale. "A negative decision in court could have wiped out 50 years of collective bargaining achievements." |
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Last modified: 7/16/2005 Copyright 1996-2001, The International Association of Machinists and Aerospace Workers |
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