Southwest Airlines Co. (NYSE: LUV) announced today that its Facilities Maintenance Technicians have rejected the tentative agreement negotiators reached in late October. The five-year deal would have become the group's first contract since being accreted into the Aircraft Mechanics Fraternal Association (AMFA).
According to the Aircraft Mechanics Fraternal Association (AMFA), 34 of 37 eligible Employees voted on the agreement, with 19 voting against it.
"I appreciate the time and effort negotiators spent creating an entirely new agreement," said Senior Director Corporate Facilities John Zuzu. "The Company will take a step back to assess the results of the vote and determine how we might structure a contract that respects and serves the interests of both the Company and our Employees."
Section VI Negotiations officially began in June 2013. The Company will not speculate as to when negotiations will resume.
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SOURCE Southwest Airlines Co.