Day: November 30, 2011

American bankruptcy could affect Okla. Workers, Bloomberg Buisnessweek, 11-29-11

By TIM TALLEY OKLAHOMA CITY The salaries and benefits of workers at the American Airlines maintenance facility in Tulsa could be at risk now that the airline’s parent company is seeking bankruptcy protection, officials of the workers’ union said Tuesday. Rick Mullings, international organizer for the Transport Workers Union of America Local 514, said he…

James C. Little Letter to Senators on AA bankruptcy, 11-30-11

Dear Senator: Yesterday, American Airlines took the step of joining a long list of past legacy carriers in filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Transport Workers Union of America is the largest labor representative of the combined group. Consequently, our members have much at stake as this process unfolds. As you may…

James C. Little Letter to Representatives on AA bankruptcy, 11-30-11

Dear Representative: Yesterday, American Airlines took the step of joining a long list of past legacy carriers in filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Transport Workers Union of America is the largest labor representative of the combined group. Consequently, our members have much at stake as this process unfolds. As you…

Court Update 11/30/11

This afternoon, the Court entered the following orders: Interim Order (I) Authorizing, But Not Directing, Debtors to (A) Continue Their Insurance Programs, and (B) Pay All Insurance Obligations, (II) Modifying the Automatic Stay with Respect to Workers Compensation Claims, and (III) Authorizing and Directing Financial Institutions to Honor and Process Related Checks and Transfers And…

Prefunding Trust Review Letter, November 7, 2011 Robert Gless

To: AA Local President’s & Members Re: Pre-funding Trust Review Brothers and Sisters, In follow up to the discussions at the October 19th and 20th 2011 Presidents’ Council meeting and per requests from the Title Ill Negotiations team we have had TWU General Counsel, along with outside counsel and prior negotiators of the critical agreements…

Statement from PBGC Director Josh Gotbaum on AMR Corp. Bankruptcy

WASHINGTON—Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today on the Bankruptcy Filing of AMR Corp.: “Today American Airlines’ parent company filed for bankruptcy. When this happens employees and retirees worry — and they should. In past bankruptcies, workers and retirees have lost their healthcare and seen their pensions cut. Based on…