SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
(Date of earliest event reported)
UAL CORPORATION
(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction of incorporation) |
File Number) |
Identification No.) |
| 1200 Algonquin Road, Elk Grove Township, Illinois | 60007 |
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(Zip Code) |
Registrant's telephone number, including area code (847) 700-4000
Not Applicable
(Former name or former address, if changed since last report)
ITEM 7.
FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
99.1 Press release dated November 19, 2001 issued by United Air Lines, Inc.
99.2 Press release dated November 19, 2001 issued by the National Mediation Board
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
| UAL CORPORATION | |
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By:
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/s/ Francesca M. Maher |
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Name:
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Francesca M. Maher |
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Title:
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Senior Vice President, |
| General Counsel and | |
| Secretary |
Dated: November 20, 2001
UNITED AIRLINES News Release
NO DISRUPTION TO ITS SCHEDULE AS NMB RECOMMENDS
PRESIDENTIAL EMERGENCY BOARD
For Immediate Release
CHICAGO, Nov. 19, 2001 - United Airlines said today that it did not expect inconvenience to customers as a result of today's developments in negotiations for a new contract with its mechanics represented by the International Association of Machinists (IAM) District 141M.
Following processes laid down by federal law, the National Mediation Board (NMB) has released both parties from mediation and offered both sides binding arbitration. United accepted the offer of arbitration. However, the NMB's arbitration offer was rejected by the IAM.
The NMB therefore will commence a 30-day "cooling off" period during which union members are not permitted to engage in a strike or other disruptive labor action. In making its announcement, the NMB said that "it will recommend that the President create a Presidential Emergency Board (PEB) at the end of the cooling off period, thus avoiding any possibility of a work stoppage during the holidays. The NMB expects this step to assist the parties in resolving their dispute."
If the NMB's recommendation on a PEB is accepted by the White House, the IAM would not be free to strike at the end of the 30 day cooling-off period. Instead, the PEB would have 60 days to study the issue and recommend a solution. No disruptive labor actions by the union or its members, or "self-help" by the company can occur during this additional two-month period.
In deciding on the PEB, United is hopeful that the same consistent standards applied by the government in other major airline labor disputes this year will be used in this case to ensure there is no disruption to customers, communities and economies.
"United is disappointed that the IAM rejected independent arbitration, but we stand ready to continue discussions with the union at any time," said Bill Hobgood, United Airlines' senior vice president for Human Resources. "We recognize the hard work and commitment of our mechanics and are eager to reach an agreement that will satisfy them. In the meantime, it's important for our customers to understand how current processes and precedent in this type of situation will protect them. In short, we don't expect any disruption to our schedules as a result of today's announcement."
Separately, United also is in discussions on a new contract for its public contact and ramp & stores employees represented by IAM District 141. These discussions continue to progress with assistance from federal mediators.
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November 19, 2001
FOR IMMEDIATE RELEASE
NATIONAL MEDIATION BOARD
Contact: Public Information Line - (202) 692-5050
Re: United Airlines and the International Association of Machinists, District Lodge 141M
Washington, DC - The National Mediation Board (NMB) announced today that it proffered binding arbitration in a contract dispute between United Airlines and District 141M of the International Association of Machinists (District 141M). United Airlines accepted the proffer and District 141M rejected the proffer, setting the stage for a 30 day cooling off period to begin later this week. The NMB further announced that it will recommend that the President create a Presidential Emergency Board at the end of the cooling off period, thus avoiding any possibility of a work stoppage during the holidays. The NMB expects this step to assist the parties in resolving their dispute.
United Airlines is the nation's second largest airline, operating more
than 1,650 daily flights on a route network which spans the globe.
The airline serves more than 120 destinations in 27 countries and two US
territories. District 141M represents more than 15,000 United employees
working in the mechanic and related job classifications.