Server: Commerce-Builder/2.0 (Win32; ix86; S) Accept: GET HEAD PUT Accept-Ranges: bytes Content-length: 1998 Content-type: text/html Last-modified: Thu, 04 Sep 1997 19:38:00 GMT Date: Wed, 19 Nov 1997 22:59:40 GMT
News Release
John H. Untereker
FOR IMMEDIATE RELEASE
PETROLEUM HELICOPTERS, INC. ANNOUNCES RESULTS OF PILOT UNIONIZATION ELECTION
NEW ORLEANS, LA¾ September 4, 1997¾ Petroleum Helicopters, Inc. (PHI) announced today that its pilots have voted to reject union representation. Five hundred ninety-six (596) pilots were eligible to vote: 58% supported the Company and 42% favored Office and Professional Employees International Union (OPEIU) representation.
The Company has maintained that representation by a union was not in the best interest of its employees or the Company. "Todays vote was a most important event in the history of PHI. It is very gratifying to know that our pilots are supportive of the mission and goals of our great Company," said Mrs. Carroll W. Suggs, Chairman of the Board and Chief Executive Officer. "I want to thank everyone at PHI who helped us to meet this challenge, and I look forward to working closely with all of our employees in the future to ensure that PHI maintains its position as the worlds preeminent helicopter company and a great place to work."
PHI provides helicopter transportation and related services worldwide to a broad range of customers including the oil and gas industry and aeromedical programs. PHI Common Stock is traded on The NASDAQ SmallCap Market (symbols PHEL and PHELK).
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