Teamsters, Continental Reach Tentative Agreement on Contract

News provided by

International Brotherhood of Teamsters

Sep 10, 2010, 10:17 ET

Mechanics Would Receive Healthy Raises, Signing Bonuses

WASHINGTON, Sept. 10 /PRNewswire-USNewswire/ -- The International Brotherhood of Teamsters announced today that the mechanics it represents at Continental Airlines (NYSE: CAL) reached a tentative agreement on a new contract with the company.

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The Teamsters represent 3,700 Continental aircraft maintenance technicians and related employees who work in the United States.

"This is a good agreement, with healthy raises and signing bonuses," said Teamsters Airline Division Director David Bourne. "It recognizes the contribution that our hard-working mechanics make to the success of Continental Airlines."

A date for the ratification vote has not yet been set, but it is expected within the coming weeks. The count is expected in mid-October.

A copy of the tentative agreement can be found at http://teamsterair.org/.

Founded in 1903, the International Brotherhood of Teamsters represents more than 1.4 million hardworking men and women in the United States, Canada and Puerto Rico.

SOURCE International Brotherhood of Teamsters