Southwest Airlines Co. (NYSE: LUV) and Aircraft Mechanics Fraternal Association (AFMA), the Union that represents Facilities Maintenance Technicians (FMT), announced today that negotiators have reached an Agreement in Principle that outlines the group's first contract. This is the second agreement reached by the parties and, if ratified, the five-year deal includes a complete set of work rules, a wage scale, and a ratification bonus.
"I am thankful that both negotiating teams were able to come together and finalize a new agreement that recognizes our Facilities Maintenance Technicians and supports the needs of our operations," said Vice President Labor Relations Russell McCrady. "I appreciate our Facilities Maintenance Technicians and their many contributions to the success of Southwest Airlines."
"Our Negotiating Committee has negotiated for a second time an agreement for our Southwest FMT members," said AMFA Committee Chair Earl Clark. "It's time for those members to review what we have accomplished and determine if it meets their needs and expectations."
The Agreement in Principle is subject to final review by AMFA's National Executive Committee before it is submitted to its 37 members for a vote. A date for a ratification vote will be determined by AMFA in the near future.