Air Canada reaches tentative agreement with 7,500 members of IAMAW

MONTREAL -- Air Canada says it has reached a tentative contract agreement with the union representing its technical maintenance, airport ramp and cargo personnel.

See Full Article

That airline says the 10-year agreement with the International Association of Machinists and Aerospace Workers covers 7,500 employees.

The agreement is subject to ratification by the union's membership as well as to certain openers over the ten-year period.

Details will not be released pending ratification by the union members and approval by the Air Canada board of directors.

Air Canada says the union will recommend ratification to its members and the company will seek the board of directors' approval for the agreement promptly.

This is the sixth agreement reached with unions representing various Air Canada employees, and the third for a ten-year period.

"This new agreement with the IAMAW on collective agreement terms for ten years is an important achievement that will support long-term and profitable growth at Air Canada and one that recognizes the important contribution of IAMAW members," Calin Rovinescu, president and chief executive of Air Canada said in a statement.

"Moreover, it will benefit all stakeholders by giving our company more certainty and flexibility, while at the same time providing stability for our employees."


Latest Economic News

  • Facebook to allow more graphic, potentially disturbing news posts

    Economic CTV News
    Facebook on Friday said that it will begin allowing more graphic or potentially disturbing newsworthy posts to be shared at the leading online social network. "We're going to begin allowing more items that people find newsworthy, significant, or important to public interest -- even if they might otherwise violate our standards," Facebook vice presidents Joel Kaplan and Justin Osofsky said in a blog post. Source
  • 'The whole system is rigged': An insider exposes what stands between you and the ticket you want

    Economic CBC News
    There are a lot of hot tickets out there that any fan would feel lucky to get. But your chances of scoring a seat — let alone a good one — may not have much to do with luck at all. Source
  • Emails show Clinton campaign weighing Keystone XL decision

    Economic CTV News
    WASHINGTON -- Hacked emails show Hillary Clinton's campaign wrestled with how to announce her opposition to construction of the controversial Keystone XL pipeline without losing the support of labour unions that supported to project. Emails published this week by WikiLeaks show debate and confusion within the Clinton camp as it faced down the unexpectedly strong primary challenge by liberal Sen. Source
  • Quick Facts: Some of the details about the proposed Canada-EU trade deal

    Economic CTV News
    OTTAWA -- The Comprehensive Economic and Trade Agreement between Canada and the European Union, also known as CETA, appears to be close to foundering on the objections of a small region of Belgium. Here are some facts about the deal: Source
  • NY enacts restrictions on Airbnb, with fines of up to $7,500

    Economic CTV News
    ALBANY, N.Y. -- New York state enacted one of the nation's toughest restrictions on Airbnb on Friday with a new law authorizing fines of up to $7,500 for many short-term rentals. The measure signed into law by Democratic Gov. Source
  • Loonie dips below 75 cents — and may have more to fall, analyst says

    Economic CBC News
    The Canadian dollar traded below 75 cents US Friday, for the first time since March. The almost one-cent drop comes partly because of signals from the Bank of Canada — although the central bank is likely fine with a lower loonie. Source
  • Ottawa proposes shifting some risks to lenders in cases of insured mortgage defaults

    Economic CBC News
    The federal government said Friday it wants to hear from players in the financial industry on the topic of lender risk sharing, a move that could see mortgage lenders absorb a portion of the losses if insured mortgages that default. Source
  • Child porn accuser drops lawsuit against ex-Subway pitchman Jared Fogle

    Economic CTV News
    INDIANAPOLIS -- The family of one of Jared Fogle's victims in the child pornography case that led to the former Subway pitchman's imprisonment is dropping their lawsuit against him. A motion filed Thursday in federal court in Indianapolis requested that the lawsuit be dismissed with prejudice, meaning it cannot be brought back to court. Source
  • Tesla may enter ride-hailing business next year

    Economic CTV News
    DETROIT -- Electric car maker Tesla Motors has plans to get into the ride-hailing and sharing businesses. The company hinted at the venture earlier this week when it announced that all of its cars would come equipped with hardware needed to drive themselves. Source
  • N.Y. brings in tough regulations on Airbnb

    Economic CBC News
    Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. In eight years of torrid growth, the company has often clashed with local public officials seeking to minimize the impact of short-term rentals on neighbourhoods and urban housing markets. Source