United Airlines Holdings Inc is offering its pilots a contract in excess of $8 billion in cumulative increases in pay and benefits over four years, in possibly the richest labor deal by a major American carrier, if ratified by the union.
A United Airlines Boeing 787 taxis as a United Airlines Boeing 767 lands at San Francisco International Airport, San Francisco, California, February 7, 2015. REUTERS/Louis Nastrois offering its pilots a contract in excess of $8 billion in cumulative increases in pay and benefits over four years, in possibly the richest labor deal by a major American carrier, if ratified by the union.
The move comes at a time when pilots in North America are pushing for better pay and working conditions in their talks with company managements over new employment contracts.in March, which offers $7 billion in higher pay and benefits, has put pressure on rival carriers to hand out similar deals ahead of a busy summer travel season.
Bloomberg News reported on United's new offer earlier in the day, according to which CEO Scott Kirby also said the company has been negotiating weekly to reach a formal agreement with the union.
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