America West Teamsters Picket Shareholder Meeting
14 9월 2005 - 7:13AM
PR Newswire (US)
Mechanics Protest for Job Security in Face of US Airways Merger;
Question Board on Incentives to Senior Management TEMPE, Ariz.,
Sept. 13 /PRNewswire/ -- Today, America West Teamster aircraft
maintenance workers picketed outside the America West Holdings
Corporation (NYSE:AWA) Special Meeting of Shareholders at the
corporation's headquarters. The workers, members of Teamsters Local
Union 104, also voiced their concerns over job security issues
involved with the impending merger with US Airways to the Board of
Directors and top executives during the meeting. America West
Shareholders voted in favor of the merger. "We want this merger to
be successful," said Andrew Marshall, Teamsters Local 104
Secretary-Treasurer. "But this can only happen if the employees at
both airlines feel their jobs are protected and their concerns
heard." America West Airlines mechanics are in their second year of
contract negotiations and are seeking important job security
protections. Meanwhile, this summer, America West's Board of
Directors granted generous incentives to senior management to stay
on through the merger. CEO Doug Parker received options to purchase
500,000 shares of America West common stock that will convert to
shares of the new US Airways entity and vest over time if the
merger goes through. Parker will also receive appreciation rights
for 196,000 shares and be awarded 60,000 shares of restricted stock
if the merger is successful. "Where are the incentives for the
mechanics and other work groups at both America West and US
Airways?" asked Pat Porter, Teamsters Local 104 Representative and
America West mechanic. "There is too much uncertainty for airline
workers. We need answers." Founded in 1903, the International
Brotherhood of Teamsters represents 1.4 million hardworking men and
women throughout the United States and Canada. DATASOURCE:
International Brotherhood of Teamsters CONTACT: Andrew Marshall of
International Brotherhood of Teamsters, +1-602-524-1277 Web site:
http://www.teamster.org/
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