- New contract valued at an estimated $10 billion.
- 82% approval rate from United pilots, with nearly full turnout in voting.
- Wave of labor movements seen across industries, from auto to Hollywood.
United Airlines' pilots have landed a sweet deal, clinching a new contract that boosts their compensation by up to 40.2% over the next four years. This development positions United as the final member of the top three U.S. airlines to settle negotiations during a period marked by an industry-wide pilot shortage.
The contract is estimated to be worth a whopping $10 billion. If that wasn't impressive enough, the Air Line Pilots Association (ALPA), which represents the pilots, disclosed that an overwhelming 82% of pilots gave the contract a thumbs up, with nearly all of them participating in the vote.
Delta and American Airlines had already set the stage earlier this year, offering their pilots enticing contracts packed with substantial raises. Though the Covid-19 pandemic threw a wrench in the gears of negotiation processes across various airlines, the return of travel demand and rising inflation fueled the fire under labor unions. These unions have been fiercely advocating for improved pay, more favorable working conditions, and better benefits.
But the airline industry isn't the only sector experiencing labor movements. The United Auto Workers union is gearing up to extend their strikes to additional General Motors and Ford Motor assembly plants. And, for those keeping an eye on Hollywood, writers and studios recently came to terms, wrapping up a lengthy 150-day labor standoff.
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