The International Brotherhood of Teamsters, the union representing more than 9,000 United Airlines aircraft mechanics, wants to know the plans United Continental Holdings, Inc. (NYSE: UAL) has for the future before supporting nominees for the company´s board of directors.
On March 8, 2016, two large UAL investors, Altimeter Capital and PAR Capital, announced that they would be running a slate of six nominees for the company´s board of directors.
“Before the Teamsters Union supports either slate, we demand they make transparent their plans for the future of United Airlines,” said Capt. David Bourne, director of the Teamsters Airline Division. “We want to know the board´s approach to realign executive pay, improve passenger service and reach a fair contract for their mechanics.”
“The Teamsters are staying neutral while we investigate which direction will result in the best contract for our members and strengthen the airline´s long-term prospects,” said Jim Hoffa, Teamsters General President.
Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and “like” us on Facebook at www.facebook.com/teamsters