Frontier has agreed to honor and extend current collective bargaining agreements. Highlights of the agreement include:
· The addition of 150 new union jobs in California;
· Employee job security and guaranteed workforce size;
· Extend the existing contract for two years with wage increases in each year;
· Operational flexibility to enhance the service experience for customers;
· All union employees will receive 100 shares of Frontier restricted stock upon the closing of the transaction to demonstrate Frontier’s commitment to its newest employees and their ownership in the company’s success; and
· Frontier commits to a 100% U.S.-based workforce