Company Watch - United Airlines.United, engineers reach tentative pact. United Airlines has reached a tentative agreement with its engineers union. United's engineers are expected to vote on the agreement next week. If the agreement passes, the engineers will get raises for four years. Mar 3, 2006 United Airlines reached its first tentative agreement with the International Federation of Professionals and Technical Engineers covering wages, benefits and work rules. IFPTE IFPTE International Federation of Professional & Technical Engineers covers 282 engineering employees based primarily in Chicago, Indianapolis and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . The union's ratification process is expected to conclude March 8. Mar 2, 2006 United Airlines and TACA TACA Talk About Curing Autism TACA Tennessee Association of Craft Artists TACA Turkish American Cultural Alliance TACA Texas Aggregates and Concrete Association (Austin, Texas) TACA Transportes Aereos Centro-Américanos reached a codeshare agreement Code sharing is a business term which was first originated in the airline industry in 1990 when the Australian airline, Qantas Airways and the US's American Airlines combined services between an array of US domestic cities and Australian cities. giving UA passengers access to TACA's entire network and TACA customers the opportunity to connect to destinations through "several" UA hubs including Washington Dulles, Los Angeles and San Francisco. Regulatory approvals are expected by the second quarter. Feb 28, 2006 United Airlines flight attendants, represented by the Assn. of Flight Attendants-CWA, granted their "last concession" and ratified a pension replacement plan Friday with an approval rating of 79%. The new defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan , effective from Jan. 1, 2006, is "significantly better than what United Airlines was originally willing to provide as a replacement to our terminated defined benefit pension plan," according to the union. It includes company direct and matching contributions starting at 5% and escalating to 6% of employee earnings within two years. "This vote does not endorse the course of events that led to the termination. Now is the time to move forward and turn our attention to the opportunities and challenges that will surely demand our attention in the future," union leaders said in a letter on the AFA AFA In currencies, this is the abbreviation for the Afghanistan Afghani. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. website. Feb 27, 2006 |
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