The American Airlines bankruptcy has resulted in major layoffs, steep pay-cuts, drastic work-rule changes and severe reductions in medical benefits to current employees and retirees. Yet, Tom Horton, American’s CEO Tom is set to receive a $20 million+ severance package. Bankruptcy reforms were put into place to prevent such excess following the Enron scandal and…
Month: June 2013
TWU Equity Distribution Informational Meeting – Hand Out
Introduction: As part of the resolution of the American Airlines bankruptcy, TWU negotiated a 4.8% share of the total claims recovered by general unsecured creditors. The post-bankruptcy Plan of Reorganization provides that unsecured creditors will receive their recovery in the form of new American Airlines Group (AAG) common stock. So TWU will receive 4.8% of…
TWU514 2013 Elections – Sample Ballots
These are the Sample ballots that you will be receiving for the TWU 514 Elections. NOTE: They are in 8.5 x 13 paper format, therefore printing them on 8.5 x 11 will be distorted. 2013-Ballots-TWU514-Elections in PDF format
Letter from Doug Parker, Senior Leadership Team. June 10, 2013
Dear American and US Airways Team Members, Today I am pleased to announce the senior leadership team that has been selected to lead the new American Airlines. The team we are naming today is comprised of senior leaders from both American and US Airways. As individuals, they each have outstanding industry expertise and experience. Collectively,…
Shop Stewards Meeting, Monday June 10, 2013
Date Monday, June 10, 2013 Time: 7:15 AM | 11:45 AM | 3:45 PM Place TWU Hall 11929 East Pine Street Agenda Regular Order of Business Training OSM/Cabin Scope Shop Stewards Meeting Bulletin 2013 in PDF
TAA Program Benefits and The Health Coverage Tax Credit (HCTC) Program
Below I have posted what the TAA information that is available on the Dept. of Labors Website, and what the IRS has as a tax credit. TAA Program Benefits and Services under the 2011 Amendments (Current Law) On October 21, 2011, President Obama signed the Trade Adjustment Assistance (TAA) Extension Act of 2011, which changes…
Meeting Notice
TWU Equity Distribution Plan Presentation Where: TWU 514 Union Hall, 11945 East Pine Street, Tulsa Ok. When: Thursday, June 13, 2013 Times: 7:15 AM | 11:45 AM | 3:45 PM Meeting Notice- TWU Equity Distribution in PDF
As American Airlines merger date nears, questions abound (Dallas Morning News- 6-3-2013)
SOURCE, Dallas Morning News Tom Fox/Staff Photographer Wil the new American Airlines design remain as it is on fresly painted planes? An American exec says yes, but Doug Parker, who will be CEO of the combined company, doesn’t seem 100 percent. By TERRY MAXON Staff Writer tmaxon@dallasnews.com Published: 03 June 2013 11:20 PM Updated: 03 June 2013…