Southwest Airlines Co. (NYSE: LUV) and Aircraft Mechanics Fraternal Association (AFMA), the Union that represents Facilities Maintenance Technicians (FMT), has announced that negotiators have reached an Agreement in Principle that outlines the group´s first contract, the company said.
This is the second agreement reached by the parties and, if ratified, the five-year deal includes a complete set of work rules, a wage scale, and a ratification bonus.
The Agreement in Principle is subject to final review by AMFA´s National Executive Committee before it is submitted to its 37 members for a vote. A date for a ratification vote will be determined by AMFA in the near future.
In its 47th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 55,000 Employees to more than 100 million Customers annually.