New priorities the best tonic for Air Canada's uncertain financial picture
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/04/12 -- Jeff Taylor, president of the Air Canada component of the Canadian Union of Public Employees (CUPE), is calling on Air Canada to reconsider its priorities and enhance its future prospects by improving its labour relations with AC employees.
"Air Canada needs to re-order its priorities: paying out millions/billions to executives and ACE shareholders while forcing its employees to accept a decade of wage and benefit concessions is wrong," said Taylor, who represents more than 6,800 flight attendants at the airline. "Air Canada can improve prospects for its future by improving its labour relations approach. Its long-term competitiveness is dependent upon treating employees as partners."
Industry analysts have repeatedly highlighted better labour relations as a key factor to the airline's future success. Yet negotiations between the airline and the Air Canada component of CUPE last fall were marred by demands for excessive concessions from flight attendants on pensions and working conditions.
Although Air Canada has been considering the introduction of a low cost carrier (LCC) for some time, the company has yet to contact the union regarding its LCC plans. Taylor pointed out, "The union is willing to discuss any LCC plans Air Canada may have but the company should keep in mind that Air Canada flight attendants and all AC's unionized employees have given many significant concessions to AC on wages and pensions over the last decade. The company does not need further concessions in order to be competitive."
Regarding pensions, Taylor noted: "Last year's Collective Agreement negotiations resulted in changes which significantly reduced pension costs for AC, particularly in regards to future solvency deficiency payments." Additionally, in 2009, AC unionized employees agreed to a multi-year cap on the company's pension solvency deficiency payments until 2014.
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Datum: 04.05.2012 - 10:36 Uhr
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