Fri, Oct 21, 2011
Five-Year Agreement Ensures Long-Term Stability, Maintains
Competitive Compensation And Benefits
A new, five-year collective bargaining agreement has been
reached between Atlas Air Worldwide Holdings and the pilots and
flight engineers of Atlas Air (Atlas) and Polar Air Cargo Worldwide
(Polar). The agreement, which is effective from September 2011,
completes the merger of the Atlas and Polar crew forces into a
single collective bargaining unit with an integrated seniority
list.
“We achieved all of our strategic objectives in this
process, including maintaining competitive compensation and
benefits for our crewmembers, preserving industry-leading work
rules and flexibility, and enhancing overall productivity. Bottom
line, we achieved long-term labor stability under a contract
framework rarely seen in the aviation industry that provides real
value to our crewmembers, customers and stockholders,” said
John Dietrich, Executive Vice President and Chief Operating Officer
of Atlas Air Worldwide.
Under the terms of the new agreement, both pilot groups will be
brought to parity with each other and work from a single
contract.
The merger of the Atlas and Polar crew forces into a single
workforce will also enable the Company to better optimize crew work
schedules and improve the global scale and efficiency of its entire
operation. Going forward, all of the Company’s pilots will be
able to serve Atlas and Polar aircraft interchangeably. Previously,
Atlas pilots could only serve Atlas aircraft and Polar pilots could
only serve Polar aircraft.
“The negotiations with Atlas and Polar crewmembers and
their representatives from the International Brotherhood of
Teamsters were constructive and professional, with a genuine
interest by both parties to reach agreement," Dietrich said. "We
applaud the union leadership and its efforts in coming to the table
and working with us. With our strategic growth initiatives, our
effectiveness in executing our business model, and this new
agreement, we look forward to driving our revenues and earnings to
higher sustained levels over the next several years and
beyond.”
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