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-US machinists union asks National Mediation Board to release US Airways mechanics.

M2 EQUITYBITES-March 22, 2013--US machinists union asks National Mediation Board to release US Airways mechanics(C)2013 M2 COMMUNICATIONS

US trade union The International Association of Machinists and Aerospace Workers said it has formally requested that the National Mediation Board release its US Airways (NYSE: LCC) mechanic and related members from further mediated contract negotiations and initiate a thirty-day countdown to a strike.

When the NMB releases both parties from mediated talks, the agency would then make a proffer of binding arbitration, the union said. If either party rejects the proffer, a 30-day cooling off period would begin. If an agreement still cannot be reached by the end of the 30 days, IAM members would be free to strike.

IAM Mechanic and Related members have been in negotiations with US Airways for more than two years, and in mediated talks since July 2011. The union said that the carrier has refused to alter its last four inadequate comprehensive economic proposals, creating the current impasse.

The Machinists Union represents approximately 14,000 workers at US Airways and is the largest union at the carrier. Separate negotiations between the IAM and US Airways for the Fleet Service classification will resume next week.

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Publication:M2 EquityBites (EQB)
Date:Mar 22, 2013
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