News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

Air Canada Pilots To Start Labour Negotiations This Summer

Pilots who work for Air Canada (AC) have chosen to begin collective bargaining for a new labour agreement this summer, a year earlier than required under their current contract.

The Air Canada Air Line Pilots Association (ALPA) said it has invoked a clause to end the current 10-year agreement with the Montreal-based carrier after nine years.

As a result, the pilots will start labour negotiations this summer. The pilots’ current labour deal will remain in place until a new agreement is reached, said the union.

The move by Air Canada’s pilots to start collective bargaining early comes after pilots at rival carrier WestJet Airlines reached a new collective agreement that gives them a 24% pay increase over four years.

Wages are the main issue for pilots at Air Canada, according to the union.

Air Canada’s stock has declined 2% over the past 12 months to trade at $21.83 per share.