Stock Market News

Canada’s WestJet reaches tentative deal with union to avoid work stoppage

2024.05.06 01:35

Canada's WestJet reaches tentative deal with union to avoid work stoppage

(Reuters) – Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday.

Both parties now await the ratification vote to be put forward, the statement said, though the companies did not reveal the details of the agreement.

WestJet, which is owned by Onex Corp, had on Saturday issued a 72-hour lockout notification to the ‍Aircraft Mechanics Fraternal Association (AMFA), warning of a work stoppage as early as Tuesday unless a deal was reached.

“After nine months of tough negotiating, we are proud to have reached a tentative agreement that will now be presented, through the ratification process,” AMFA’s Region II Director Will Abbott said.

Pilots at WestJet received a 24% hourly raise over four years, plus other pay and benefits as part of a tentative agreement reached last year.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 86,118.07 8.75%
ethereum
Ethereum (ETH) $ 2,364.39 11.04%
tether
Tether (USDT) $ 0.999091 0.11%
xrp
XRP (XRP) $ 2.17 10.79%
bnb
BNB (BNB) $ 599.38 5.76%
solana
Solana (SOL) $ 135.19 11.34%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.198858 11.91%
cardano
Cardano (ADA) $ 0.636484 11.33%
staked-ether
Lido Staked Ether (STETH) $ 2,361.48 10.98%
tron
TRON (TRX) $ 0.226167 7.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 86,218.10 8.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,823.85 10.95%
chainlink
Chainlink (LINK) $ 14.40 11.18%
avalanche-2
Avalanche (AVAX) $ 20.61 11.04%
the-open-network
Toncoin (TON) $ 3.41 4.39%
stellar
Stellar (XLM) $ 0.273879 13.29%
sui
Sui (SUI) $ 2.72 9.47%
litecoin
Litecoin (LTC) $ 109.15 10.36%
leo-token
LEO Token (LEO) $ 8.83 5.47%
usds
USDS (USDS) $ 1.00 0.26%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 6.35%
hedera-hashgraph
Hedera (HBAR) $ 0.180798 16.01%
mantra-dao
MANTRA (OM) $ 7.53 7.76%
weth
WETH (WETH) $ 2,368.26 10.93%
polkadot
Polkadot (DOT) $ 4.33 7.03%
hyperliquid
Hyperliquid (HYPE) $ 18.30 12.60%
ethena-usde
Ethena USDe (USDE) $ 0.998946 0.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 277.10 9.69%
bitget-token
Bitget Token (BGB) $ 4.13 13.48%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,510.12 10.77%
uniswap
Uniswap (UNI) $ 7.68 8.00%
monero
Monero (XMR) $ 217.75 6.47%
whitebit
WhiteBIT Coin (WBT) $ 26.75 2.35%
near
NEAR Protocol (NEAR) $ 2.85 13.32%
dai
Dai (DAI) $ 0.999295 0.04%
pepe
Pepe (PEPE) $ 0.000008 11.18%
aptos
Aptos (APT) $ 5.36 6.07%
susds
sUSDS (SUSDS) $ 1.04 0.19%
ondo-finance
Ondo (ONDO) $ 0.941394 10.11%
bittensor
Bittensor (TAO) $ 353.41 18.76%
aave
Aave (AAVE) $ 193.50 15.90%
internet-computer
Internet Computer (ICP) $ 6.01 10.24%
ethereum-classic
Ethereum Classic (ETC) $ 18.05 7.31%
okb
OKB (OKB) $ 44.43 4.84%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.71 12.59%
mantle
Mantle (MNT) $ 0.778326 7.91%
official-trump
Official Trump (TRUMP) $ 12.89 13.03%
gatechain-token
Gate (GT) $ 20.45 8.06%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 86,406.15 8.36%