Southwest Airlines' New Mechanics Contract Gives Immediate 20 Percent Pay Hike
Southwest Airlines Co. and the union for its mechanics reached an agreement in principle for a new contract Saturday, amid an exchange of lawsuits and more than six years after beginning negotiations.
The proposed five-year accord would give mechanics $160 million in retroactive pay, an immediate 20 percent raise effective April 1, and 3 percent annual increases each August, according to a joint statement from the Aircraft Mechanics Fraternal Association and Southwest.
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