Qantas (ASX: QAN) has finally reached an agreement with around 1,600 of its licensed aircraft maintenance engineers after a final determination on employment terms and conditions was made by Fair Work Australia.
Fair Work Australia endorsed the proposed workplace determination which Qantas and the Australian Licenced Aircraft Engineers Association presented in late December for its consideration.
The determination, which will remain in place until 31 December 2014, includes:
- A 3% pay increase per annum;
- New licensing arrangements;
- Changes which ease restrictions on extended hours rosters; and
- Arrangements for the transition to retirement for licenced engineers.
The ruling by Fair Work Australia means the licensed aircraft maintenance engineers’ union cannot take any industrial action before 2015.
Meanwhile, the arbitration process with the Australian and International Pilots Association and Transport Workers’ Union is still continuing with Fair Work Australia.