Airbus Canada Reaches an Agreement with its Unionized A220 Programme Employees at Mirabel [Yahoo! Finance]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance
a labour agreement with the 1,300 unionized employees at its Mirabel site, in Quebec . After several months of negotiations, the employees who assemble the A220 aircraft, and who are represented by the International Association of Machinists and Aerospace Workers (IAMAW), ratified the tentative agreement by around 77%, including the adjustments recommended by the conciliator appointed by the Ministry of Labour. This new employment contract positions Airbus as the leading employer of choice in the Quebec aerospace industry. The increased flexibility achieved through this agreement will facilitate a better balance between shifts and the transfer of knowledge between more experienced employees and those who have joined the company recently. This condition is essential as the A220 production rate is ramping up. It will enable increased efficiency in order to produce a higher number of A220s and reach the break-even point for the aircraft programme in 2026. The new five-year collective
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