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Eastern Airlines’ Machinists Ratify 3-Year Contract

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Eastern Airlines’ 12,000-member machinists union ratified a revised three-year contract Thursday night that includes minor improvements over one rejected in April.

A spokesman for Local 702 of the International Assn. of Machinists in Miami reported there were 5,276 votes ratifying the contract and 3,364 against--a 61% approval.

Eastern officials hope to have agreements with two of its three unions by next Wednesday, although several deadlines set previously by the airline’s lenders have been missed.

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The lenders have said if Eastern cannot get labor agreements by next Wednesday, the airline will be in technical default on its $2.5 billion in loans--a status that would make it more vulnerable to actions such as increased interest rates or the immediate calling in of some of its loans.

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