Montreal, July 4, 2012
Air Transat and its maintenance and store personnel, represented by the International Association of Machinists and Aerospace Workers (IAMAW), approved on June 29 the agreement-in-principle for the renewal of their collective agreement. The new five-year contract will come up for renewal in April 2016.
As with the pact reached between the airline and its pilots and flight attendants, the collective agreement with Air Transat maintenance and store personnel calls for a deferment of planned wage increases in exchange for a variable compensation formula based on the attainment of certain financial targets.
“We are proud to be able to rely on employees and unions that are demonstrating an exceptional attitude of engagement that will enable us to maintain our efforts to return the company to profitability,” said Transat A.T. Inc. President and Chief Executive Officer Jean-Marc Eustache. “All the negotiations have been marked by a spirit of listening and mutual respect and we are pleased with the agreement announced today.”
Transat A.T. Inc. is an integrated international tour operator with more than 60 destination countries and that distributes products in over 50 countries. A holiday travel specialist, Transat operates mainly in Canada and Europe, as well as in the Caribbean, Mexico and the Mediterranean Basin. Montreal-based Transat is also active in air transportation, accommodation, destination services and distribution. (TSX: TRZ.B, TRZ.A)