Allegiant Announces Ratified Contract For Maintenance Technicians, Related Workforce With International Brotherhood Of Teamsters
Portfolio Pulse from Benzinga Newsdesk
Allegiant's maintenance technicians and related workforce have ratified a new contract with a 75.5% approval vote. The agreement provides for significant increases in rates and a two-year extension to the current bargaining agreement, making the new amendable date October 31, 2028. The negotiation process was swift and reached more than 3 years before the current contract became amendable.
August 17, 2023 | 6:29 pm
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The ratified contract for Allegiant's maintenance technicians and related workforce could lead to increased labor costs due to the significant increases in rates. However, the swift negotiation process and early agreement may indicate a positive labor relations climate, which could be beneficial for the company.
The new contract includes significant rate increases, which could lead to increased labor costs for Allegiant. However, the swift negotiation process and the fact that the agreement was reached more than 3 years before the current contract became amendable may suggest a positive labor relations climate, which could be beneficial for the company in terms of stability and productivity.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100