(Reuters) -United Airlines Holdings Inc technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday.
International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house.
The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
It includes a one-year early opener that allows for bargaining on a successor agreement to begin in December 2023.
"We expect to hire 7,000 maintenance team members alone over the next few years," United Airlines Chief Executive Scott Kirby (NYSE:KEX) said in a LinkedIn post on Monday.