COST-CUTTING labour agreements signed in 1995 by Canadian Airlines International are in jeopardy, with the carrier's largest union demanding the resignation of chief executive Kevin Jenkins.
David Park, president of the 5,300-strong machinists union, claims that members have lost confidence in Jenkins. Park says that a large number of employee shareholders, who invested C$200 million ($145 million) in Canadian as part of the restructuring, are angry at the airline's continued poor performance.
In December, Canadian warned that it would lose C$185-195 million in 1995, reversing an earlier prediction of a C$50 million profit.
Jenkins continues to have the support of the airline's board and of the American Airlines group, which owns one-third of Canadian.
Source: Flight International
