- 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 Wednesday Feb. 1, AMR announced their restructuring plan, a plan that deals a heavy blow to nearly 9,000 of our members. Their reorganization plan will be evaluated and challenged by our negotiating teams.
AMRs proposed business plan would terminate all existing pension plans, eliminate nearly a third of its maintenance employees at the Tulsa base, and close the Alliance maintenance base in Fort Worth, Texas. Only the Texas Aero Engine Services (TAESL) joint venture with Rolls Royce LTD could remain.
AMR also proposed outsourcing 27 stations that would affect over 4,000 fleet service workers and a variety of other job classifications across the AA system.
In total, the AMR plan will slash at least 13,000 jobs – over 15 percent of its workforce. This is a devastating hit to families already suffering through economic hard times. It is even more troubling for those who gave up so much in 2003 to keep this company from filing bankruptcy.
To counter this unbelievable proposal, the TWUs plan is in full operation. We need you to join us. We all realize that this is the most critical time in our member’s lives and their careers.
Our action plan includes:
Nationally recognized legal counsel specialized in 1113 airline bankruptcy
A team of leading labor attorneys
Expert economists and financial advisors to review AMRs balance sheet
Members mobilization, communication and outreach to business communities
Political and civic leader involvement, locally and nationally
External national media communications planWe are counting on your support to rally your coworkers, friends and family members. You can help us get the message out – AMRs plan is devastating to working families and our communities. We will continue to update you via the web site, texts and email blasts.
**(AAs Term sheets forDispatch, Fleet Service, Instructors, MCT, Mechanics, Sim Techs, and Storesare posted on the TWU website: http://aa.twu.org/
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