Once a labor dispute that lasted several years, the Southwest Airlines and the Southwest Airlines Pilots’ Association have finally reached a preliminary labor agreement. It is anticipated that this new agreement will bring transparency, stability, and competitiveness to Southwest Airlines.
The agreement had been in a stalemate for some time, since negotiations had remained at a standstill between the Southwest and its pilots since July 2017. The new agreement was announced on August 14th, 2020, after both sides finished months of negotiations. Through this agreement, the airline is hoping to bring more job security and stability to its pilots.
The agreement is a three-year deal, covering every single aspect of the labor between the pilots and Southwest Airlines. The changes include pay raises of 16% and 25% for the first and second year of the deal respectively, along with comprehensive changes in the retirement package and staffing levels. In addition to monetary compensation, pilots will also receive greater scheduling flexibility.
The deal, once signed, will also become a template for the negotiations between the pilots union and the other airline unions. This precedent can increase the bargaining power of other pilots unions during negotiations, thus ensuring higher wages and improved job security.
The new agreement is another milestone for Southwest and its pilots. After years of contentious dispute, both parties can finally look forward to a stronger future in the airline industry. With better wages, job security, and transparency, the deal is expected to bring mutual benefits for both the airlines and the pilots. This new agreement has the potential to lead to an even more competitive and stable industry.
Once a labor dispute that lasted several years, the Southwest Airlines and the Southwest Airlines Pilots’ Association have finally reached a preliminary labor agreement. It is anticipated that this new agreement will bring transparency, stability, and competitiveness to Southwest Airlines.
The agreement had been in a stalemate for some time, since negotiations had remained at a standstill between the Southwest and its pilots since July 2017. The new agreement was announced on August 14th, 2020, after both sides finished months of negotiations. Through this agreement, the airline is hoping to bring more job security and stability to its pilots.
The agreement is a three-year deal, covering every single aspect of the labor between the pilots and Southwest Airlines. The changes include pay raises of 16% and 25% for the first and second year of the deal respectively, along with comprehensive changes in the retirement package and staffing levels. In addition to monetary compensation, pilots will also receive greater scheduling flexibility.
The deal, once signed, will also become a template for the negotiations between the pilots union and the other airline unions. This precedent can increase the bargaining power of other pilots unions during negotiations, thus ensuring higher wages and improved job security.
The new agreement is another milestone for Southwest and its pilots. After years of contentious dispute, both parties can finally look forward to a stronger future in the airline industry. With better wages, job security, and transparency, the deal is expected to bring mutual benefits for both the airlines and the pilots. This new agreement has the potential to lead to an even more competitive and stable industry.
