Results for: collective agreement

Austrian Airlines has announced its second-worst first-quarter performance in the company’s history, primarily due to a combination of factors including industrial action, reduced bookings, and increased operating costs. Total revenues reached EUR 403 million, comparable to Q1 2023 figures despite an 11% increase in operations. However, total expenses grew by 11% to EUR 538 million, leading to an adjusted EBIT of EUR -122 million and marking a 67% decline compared to Q1 2023.

The City of West Kelowna, British Columbia, has finalized a four-year collective agreement with its unionized workers represented by the Association of Local Government Employees Union (ALGEU). The contract provides for significant wage increases of 16.5% over the duration of the agreement, impacting 195 employees.