Meeting of Creditors The initial meeting of creditors has been adjourned to March 22, 2012 at 4:00 p.m. (ET) at 80 Broad Street, 4th Floor, New York, NY 10004. Nicole Stefanelli Associate Lowenstein Sandler PC
Month: February 2012
Wrong for American –Wrong for America – Jim Little, TWU President
Last week, AMR executives revealed their proposal for bankruptcy reorganization. They decided to hit their employees at American Airlines and American Eagle with a hammer, slashing 13,000 jobs and dumping pension plans on the PBGC. They’re aiming for a 20 percent reduction in labor costs. From everything we can tell, this plan is wrong for…
Shop Stewards Meetings, Feb 13, 2012
Date …………………….. Monday, February 13, 2012 Time …………………….. 7:15 AM | 11:45 AM | 3:45 PM Place ……………………..TWU Hall 11929 East Pine Street Agenda Regular Order of Business. Shop Stewards Meeting Bulletin – Posting in PDF
Is American the Worst-Managed Airline in America?
Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline’s cost and outsourced hundreds of jobs that weren’t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA…
ATD Today February 5, 2012
Update on FAA Reauthorization: HR 658 As you’re well aware, the FAA Reauthorization has rapidly been moving toward passage over the past two weeks. Yesterday, the House of Representatives voted, passing 248 to 169 accepting the conference report. The Senate is scheduled to vote on Monday on whether to accept the report. This is the…
ATD Today February 4, 2012
AA Bankruptcy Update Dear Brothers and Sisters: As we all know, the AMR bankruptcy has exacerbated an already difficult time for our members. TWU recognizes the anxiety and fear inflicted by their actions on you and your families. Be assured, we are taking all actions possible to protect your job, your wages and benefits. On…
AMR and the return of the bare-knuckled bankruptcy Read more: AMR and the return of the bare-knuckled bankruptcy – The Deal Pipeline
These are some clippings from the article: They (Companies) gab with unions that represent their workers and creditors and banks that hold their debt. Some even put out press releases telling the world just how well they’re doing. It ordered $38 billion worth of planes four months before submitting its Chapter 11 petition — hardly…
This Week @ Local 514
Negotiations Update: The information you received yesterday, 2-1-2012, was distributed to the media and published to AA web sites, yet it was not shared with the Negotiations Committee. Now that the negotiations committee has seen these proposals we know that they are asking for much more than they can justify. The numbers given out are…
Drawing for FREE OKC Thunder Basketball Tickets
Twenty lucky members will win a pair of tickets to one of the following games: Friday, February 17, 2012 and Sunday, February 19, 2012. (We have ten pairs of tickets to each game) In order to win, simply go by the Union Hall Office, 11945 East Pine St., Tulsa, and place your name and a…
Recent Bankruptcies Just the Beginning?
Peter Kaufman, Gordian Group president and head of Restructuring and Distressed M&A, on the recent bankruptcies from Eastman Kodak and AMR, and why this is just the beginning. View the video here