financetom
Business
financetom
/
Business
/
Airbus presents 'totally unacceptable' offer to A220 workers, union memo says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Airbus presents 'totally unacceptable' offer to A220 workers, union memo says
Mar 5, 2024 8:29 AM

MONTREAL (Reuters) -An Airbus contract offer being voted on this month by Montreal-area workers involved in the production of its smallest A220 jets is being dismissed by their union as "totally unacceptable," according to a memo to members.

Airbus is holding talks with the estimated 1,300 workers in Canada's province of Quebec at a time when the European planemaker is trying to control costs on its loss-making A220 jet.

While details of the deal will only be presented on March 10, the International Association of Machinists and Aerospace Workers (IAM) warned in the letter that the offer "doesn't work at all and is totally unacceptable."

A vote on a deal to replace the contract that expired in December 2023 will be held on March 17.

"This offer, that we consider as hostile, cannot be left without consequences," union negotiators said in the French-language letter. "We must send a clear message to the employer."

Airbus did not immediately respond to a request for comment.

If the offer is rejected, IAM members can speak in favor of using pressure tactics. Workers, however, would first need to approve a strike authorization mandate before downing tools.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved