To IAM Members at
Continental Airlines:
To the surprise of no one, Northwest Airlines and
Delta Airlines today announced plans to merge. It is possible that
some combination of Continental, United, and/or American Airlines
may be prompted by today’s announcement. These airline mergers
represent a threat to your wages, benefits and union representation
itself.
Continental’s IAM-represented Flight Attendants
are currently the highest paid in the industry. Because of strong
IAM negotiators, Continental Flight Attendants are the airline’s
only employee group who did not take a base wage reduction in the
company’s recent restructuring. Additionally, Continental Flight
Attendants have a defined benefit pension plan and negotiated the
IAM National Pension Plan as a back-up plan if your
company-sponsored pension is frozen or terminated. What would happen
to the Continental Airlines Retirement Plan (CARP) and its lump-sum
option in the event of a merger is unclear.
There is a lot at risk, but the IAM is prepared.
We will oppose any merger that negatively impacts our members,
passengers or the cities these airlines serve. District 142 will
work with the entire IAM Transportation Department to preserve the
contracts, pensions and union representation rights that you have
fought so hard to achieve.
Monitor the District 142 website’s Merger Watch
page, available at