Continental Airlines Announces That No Flight Attendant Agreement Reachedtitle
HOUSTON, Nov. 18 /PRNewswire-FirstCall/ -- Continental Airlines
(NYSE: CAL) today issued the following bulletin to update employees on the
status of negotiations with its flight attendants union, the International
Association of Machinists (IAM):
Talks between Continental Airlines and the IAM adjourned yesterday in
Washington, D.C., with no flight attendant agreement being reached. The
chairman of the National Mediation Board (NMB) joined the talks on Tuesday,
Nov. 15. The issues have been narrowed to a few remaining items.
A final bargaining session has been scheduled for Dec. 7 and 8 in the
offices of the NMB in Washington, D.C. If no agreement is reached on those
dates, the NMB has stated that it will consider releasing the parties from
mediation into a 30-day cooling off period. At the end of that period, the
company would be able to implement needed wage and benefit reductions, and the
flight attendants would be able to strike.
