United Airlines 2015 Annual Report Download - page 10
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As of December 31, 2015, UAL, including its subsidiaries, had approximately 84,000 employees. Approximately 80% of the Company’s employees were
represented by various U.S. labor organizations as of December 31, 2015.
Collective bargaining agreements between the Company and its represented employee groups are negotiated under the RLA. Such agreements typically do
not contain an expiration date and instead specify an amendable date, upon which the contract is considered “open for amendment.” The Company has
reached joint collective bargaining agreements with the majority of its employee groups since the merger transaction in 2010. The Company continues to
negotiate in mediation for a joint flight attendant collective bargaining agreement, extensions to the IAM represented employees’ agreements and a joint
technician and related employees’ collective bargaining agreement following the rejected proposal for ratification of a joint technician and related
employees’ agreement. The Company can provide no assurance that a successful or timely resolution of these labor negotiations will be achieved.
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Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research℠
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except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.