The first day hearing is drawing to a close. Certain of the orders approving the first day motions require minor modifications to accomodate comments by the court and certain other parties in interest. The debtors will revise the orders and submit them to the court for entry later this evening. We will send copies of…
Day: November 29, 2011
Letter from Daniel Garton to Jose Galarza
Dear Jose: As you know, the AMR Board of Directors has determined that it is necessary for AMR and its affiliates, including American, American Eagle, Executive, and EASI to file a Petition under Chapter 11 of the Bankruptcy Code. Over the past several years, we have made you aware of the cost challenges that Eagle…
What is happening to my pension during Bankruptcy?
Present retirees will still get their retirement. There is no changes to the present retirees pension plan at this time. If you are going to retire sometime in the future just know that you are entitled to all of your retirement benefits that you are vested in at this time.
Court Update 11/29/11, Bankruptcy 2011
By way of update, we are currently in court for the first day hearing in this case. The court just granted the debtors’ motions: to pay critical vendors in the debtors’ discretion ($50mm for the next 21 days); to pay foreign creditors; to pay fuel suppliers; to honor and enter into derivatives agreements in the…
Letter from James C. Little to the AA/Eagle Membership
Dear Sisters and Brothers: For years, TWU members have joined together to fight for fairness at American Airlines and American Eagle. We’ve had some long hard battles. We now face a new challenge, as a result of a decision by management at AMR to file for Chapter 11 bankruptcy protection. While we believe this bankruptcy…
Business Bankruptcy 101 An Overview of Employer Bankruptcy for Union Employees and Retirees
This fact sheet is intended to explain the basics and significance of corporate bankruptcy from a Union employee’s perspective. It is not meant to constitute a legal opinion or advice, and does not replace independent consultation with an attorney. Each employer and employee’s situation is unique. Accordingly, contact the Legal Department with any questions if…
Statement by President James C. Little on Bankruptcy Filing by American and American Eagle
Nov 29 2011 We are very disappointed by today’s action by AMR. The Transport Workers Union will do everything possible to protect our members at both American Airlines and American Eagle. Work at both airlines will continue through the Chapter 11 reorganization. Our union had tried to work with AMR managers to make the company…
Transition of Care
If you, or an eligible covered family member, are receiving care for a serious or chronic condition and your network providers are changing, you may be eligible to continue with your current care provider at the network benefit level for a period of time, even if that provider is not part of your new network.…
Last Day to Enroll
NOVEMBER 30, 2011 LINCOLN 100,000 GUARENTEE ISSUE TERM LIFE INSURANCE LONG TERM DISABILITY SHORT TERM DISABILITY Short Term Disability and Long Term Disability are for income protection. This Open Enrollment is for every TWU Member (exception for those who have been turned down from the Harford LTD). Forms are located in Grievance Office above the…
Union Brothers and Sisters In Need
Postal Workers need your help. Closing Post Offices and Mail Processing Centers and cutting service is just wrong. Downsizing service would be devastating to our economy. A Mail Processing study was done for this area and the results are in. This study was initiated to evaluate the mail processing from the Tulsa OK Processing and…