UPDATE 1-Buffett's NetJets, pilots union reach labor pact [Reuters]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
UPDATE 1-Buffett's NetJets, pilots union reach labor pact | Reuters 3 Min Read (Adds details about contract, NetJets) Jan 17 (Reuters) - NetJets, the luxury plane unit of Warren Buffett’s Berkshire Hathaway Inc, has extended its contract with its pilots union by three years, avoiding the labor strife it had with the union earlier this decade. The tentative agreement with the NetJets Association of Shared Aircraft Pilots, which represents 2,500 pilots, boosts pay and retirement benefits, and changes the compensation structure so that pilots who fly more are paid more. It expires in 2026. NetJets and the union said in a joint statement on Thursday that the accord followed six weeks of talks, which the Columbus, Ohio-based company began though the pilots’ 2015 contract wasn’t scheduled to expire until 2023. More than 81 percent of the pilots voted last month in favor of the changes. “The NJASAP Executive Board is exceedingly pleased with the outcome of this negotiation â?? an ambitious u
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