MONTREAL, July 4, 2012 /CNW Telbec/ - Air Transat and its maintenance
and store personnel, represented by the International Association of
Machinists and Aerospace Workers (IAMAW), approved on June 29 the
agreement-in-principle for the renewal of their collective agreement.
The new five-year contract will come up for renewal in April 2016.
As with the pact reached between the airline and its pilots and flight
attendants, the collective agreement with Air Transat maintenance and
store personnel calls for a deferment of planned wage increases in
exchange for a variable compensation formula based on the attainment of
certain financial targets.
"We are proud to be able to rely on employees and unions that are
demonstrating an exceptional attitude of engagement that will enable us
to maintain our efforts to return the company to profitability," said
Transat A.T. Inc. President and Chief Executive Officer Jean-Marc
Eustache. "All the negotiations have been marked by a spirit of
listening and mutual respect and we are pleased with the agreement
Transat A.T. Inc. is an integrated international tour operator with more
than 60 destination countries and that distributes products in over 50
countries. A holiday travel specialist, Transat operates mainly in
Canada and Europe, as well as in the Caribbean, Mexico and the
Mediterranean Basin. Montreal-based Transat is also active in air
transportation, accommodation, destination services and distribution.
(TSX: TRZ.B, TRZ.A)
SOURCE TRANSAT A.T. INC.
For further information:
Transat A.T. Inc. / www.transat.com
Advisor, Communications and Media Relations
514 987-1616, ext. 4662