Southwest Airlines and Its Stock Clerks Announce Tentative Agreement
Southwest Airlines and the International Brotherhood of Teamsters (IBT) Airlines Division, representing the carrier's Stock Clerks announced today the two parties have reached a tentative agreement. The tentative agreement is for a new, five-year contract through August 16, 2013. The current contract became amendable on August 16, 2008.
"I applaud the negotiation teams for recognizing the importance of this new tentative agreement, which delivers wage and benefit enhancements in exchange for work rule improvements and contract flexibility," said Mike Van de Ven, Southwest Airlines Executive Vice President and Chief Operating Officer. "This agreement demonstrates IBT's commitment to maintain Southwest's unique Culture, competitive position, and financial strength during this challenging time in the airline industry."
In the upcoming weeks, the IBT membership will be given the full details of the agreement and have the opportunity to vote on ratification. IBT represents more than 170 Southwest Airlines Employees.
After more than 38 years of service, Southwest Airlines, the nation's leading low-fare carrier, continues to stand above other airlines--offering a reliable product with exemplary Customer Service. Southwest Airlines is the most productive airline in the sky and offers Customers a comfortable traveling experience with all premium leather seats and plenty of legroom. Southwest Airlines (NYSE: LUV), the nation's largest carrier in terms of originating domestic passengers boarded, currently serves 68 cities in 35 states. Based in Dallas, Southwest operates more than 3,100 flights a day and has nearly 35,000 Employees systemwide.
SOURCE Southwest Airlines