08:57:04 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Transat AT Inc
Symbol TRZ
Shares Issued 38,632,360
Close 2024-02-26 C$ 4.16
Market Cap C$ 160,710,618
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Globe/CP say Transat flight attendants OK labour deal

2024-02-27 08:50 ET - In the News

The Globe and Mail reports in its Tuesday edition that the risk of a strike at Air Transat has lifted as flight attendants have voted in favour of a new collective agreement. A Canadian Press dispatch to The Globe says that 2,100 flight attendants voted 62.7 per cent in favour of the terms recommended by federal mediators. The Canadian Union of Public Employees says the collective agreement, which is retroactive to Nov. 1, 2022, makes Air Transat flight attendants the highest paid in the industry. The terms include total compound salary increases of 30 per cent over five years, the elimination of the two lowest salary tiers and other benefits such as more vacation days. Air Transat's head of personnel Julie Lamontagne said in a statement that following an "unprecedented process," the company is pleased to offer competitive working conditions. Workers had been without a contract for more than 15 months and had twice rejected tentative agreements this year. Transat closed Monday at $4.16, down four cents on the Toronto Stock Exchange.

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