UK Pilots Accept CHC's Offer
CHC Helicopter Corporation advises that its unionized UK pilots have voted 93% in favor of accepting the terms recently negotiated with the British Air Line Pilots Association (BALPA).
With this acceptance, CHC and its unionized pilots have a binding and legally enforceable 38-month agreement covering the period from May 1, 2002 to June 30, 2005. In addition, BALPA and our pilots have agreed not to begin negotiations or initiate any form of industrial action related to any of the issues settled in this agreement until 2005 at the earliest.
The following are the main areas that have been agreed:
- pay scales will be adjusted over a 38 month period;
- the terms of the Pilot Service Agreement (PSA), including annual flying hours, will remain the same as the current PSA;
- for those pilots covered by the defined benefit pension plan, pay increases in excess of 2.5% per year will be treated as pensionable only under the defined contribution pension plan; and,
- CHC and the union will review the pension plans and consider changes, as long as there is no additional cost or loss of rights to the company.
We were pleased to learn that the pilot workforce had voted to accept the terms of the contract. This agreement allows us to build on our commitment to attract and retain the most skilled and experienced workforce possible. Now that this matter has been satisfactorily concluded we can move on and consolidate our position at the forefront of the UK offshore oil & gas transportation industry.