This letter will confirm our understanding relative to the implementation of the Early Out Letter of agreement contained within the recently ratified AA/TWU Fleet Service agreement. As you know, in accordance with the “Me,too” provision, the Company cannot implement the new terms and conditions of the restructured agreement until such time consensual ratified agreements have…
Day: July 24, 2012
Stores March 22, 2012 Term Sheet vs. July 10, 2012 Tentative Agreement Explained
How we got here American Airlines entered in to bankruptcy on November 29, 2011 Each major employee group union and non-union were required to make cost cuts that would equate to $1.25 billion annually. The five major groups were each targeted to be responsible for 20% of the $1.25 billion. Stores was responsible for $18.1…