The second System COLA Committee meeting was held in Houston, Texas on June 14, 2011. In attendance was our economist Norman Weintraub. The parties discussed different ideas for a framework regarding a base line city in the US and how to compare the cost of living to those cities where mechanic and related are employed.
The Company has agreed to meet in Washington DC, on July 6, 2011, with the consulting firm selected by the Union. Chief Economist, Kathryn Kobe, of Joel Popkin and Company will be meeting with the Union and the Company to iron out the details for the Joint COLA Committee and agree upon the best way to move forward.
We will schedule a local COLA Committee meeting shortly after the July 6, 2011 sessions in DC.