http://www.yahoo.com/headlines/current/business/stories/continental.html (Einblicke ins Internet, 10/1995)
HOUSTON (Reuter) - Pilots at Continental Airlines Inc. ratified a two-year labor agreement with the airline after ironing out 11th-hour differences over contract terms, a union official said.
The airline's pilots voted Thursday overwhelmingly to accept the contract, the first since former Chairman Frank Lorenzo put Continental into bankruptcy and nullified its labor agreements in 1983.
``This contract gives us a chance to move into the next couple of years and mold the airline back into what it was,'' said Bob Wilson, president of the Independent Association of Continental Pilots.
Union officials signed the contract following two days of around-the-clock talks with airline officials over last-minute disputes that threatened to delay ratification.
The new labor pact includes a $20 million bonus to be paid out to Continental's 3,800 union and non-union pilots. The pilots also will receive $10 million bonuses in April 1996.
In addition to the cash bonuses, the pilots negotiated 13.5 percent wage increases next year and 5 percent raises in 1997, the union said.