Latam Airlines and Pilots in Chile Reach Deal Averting Strike

Latam Airlines and its main pilots’ union in Chile have reached an agreement staving off a threatened strike, the union said in a statement on Wednesday, Reuters reported. The Union of Latam Pilots (SPL), which says it represents 313 of the airline's nearly 500 pilots, voted almost unanimously last week to begin a strike, leaving a window for a mediation process mandated by Chilean law. "Minutes before the deadline expired for reaching a fair deal, Latam and the SPL union managed to defuse a strike which until the end seemed inevitable," the union said in a statement, which provided no details of the accord. The union argued that due to the pandemic, 240 pilots were fired and compensation was reduced by 30%. It said that while company executives and other employees have since recovered 100% of their pre-pandemic salaries, pilots continue to receive a reduced salary. The largest carrier in South America, Latam Airlines last week announced the completion of a years-long restructuring process after it declared bankruptcy in 2020. Read more.