Finnair Oyj
Finnair signs new collective labor agreement with pilots
DGAP-News: Finnair Oyj / 10.12.2013 / 13:02 --------------------------------------------------------------------- The Association of Support Service Industries (PALTA) and the Finnish Air Line Pilots' Association (SLL) have reached a new collective labor agreement for Finnair's pilots. The new collective labor agreement comes into effect on February 1, 2014 and it is in line with the central Pact for Employment and Growth. The three-year contract includes a crisis clause similar to the ones in the collective labor agreements which were reached with other employee unions this fall. According to the crisis clause, in the coming months Finnair will negotiate with SLL on cost savings. If an agreement on the savings is reached by June 13, 2014, Finnair will offer pilots job security for two years. 'The collective agreement period with the pilots was coming to an end in January, and it was natural to agree to terms similar to those reached with other employee unions during the fall,' says Finnair's Chief Operations Officer Ville Iho. 'During previous negotiation rounds the pilots have shown understanding for Finnair's situation and have been ready for solutions that increase cost effectiveness. Discussions about savings are never easy, but I'm confident that together we will find required savings.' The savings negotiations will begin on January 9, 2014. More information: Finnair Media Desk, tel. +358 9 818 4020, comms(a)finnair.com News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 10.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Finnair Oyj Finland ISIN: FI0009003230 End of News DGAP News-Service --------------------------------------------------------------------- 244048 10.12.2013
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