The past year has been a very challenging one. The bankruptcy process has been very stressful on our members. But, we secured an agreement that is far better than any other union has negotiated with a bankrupt company. In fact, the TWU scope protection protects more good paying jobs than any other labor agreement in…
AMR & US Airways Merger Information for AMR Investors (Updated 4/17/2013)
Important note: The brief answers below are provided for informational purposes only and are not intended to be a substitute for a careful review of the relevant documents, which include the Merger Agreement and Support and Settlement Agreement which were filed by AMR Corporation (“AMR”) with the Securities and Exchange Commission (the “SEC”) as exhibits…
TWU Members Currently Owning AMR Stock Will Vote on POR
On June 20, AMR mailed copies of their Plan of Reorganization (POR) to all creditors, members of the Unsecured Creditors Committee, and all individual owners of AMR stock. The purpose of the mailing is to provide recipients the opportunity to review the POR and vote on it. Those of us that held AMR Stock Options,…
More on the TWU Equity Distribution – July 8, 2013
The formula for distribution of stock to American’s unsecured creditors, including all labor groups, is complex and a number of members have asked for further clarification. The TWU has negotiated for our members to receive actual stock with considerable value. This stock will be distributed directly to our members as soon as American exits bankruptcy…
An Urgent Message to All TWU 514 Members and Co-Workers at American Airlines in Tulsa
Last week, a video was released with Eric Stone being scripted with misleading information on our Equity stake. We want you to know that the Teamsters are not telling you the truth. On their website, they claim they negotiated better equity deals at Global Aviation and YRCW. They say they made sure that the company…
Allegiant Air doesn’t show much allegiance to passengers, communities or employees
[youtube_video id=L-29T1DZ7ao] By THOM MCDANIEL SPECIAL TO THE LAS VEGAS REVIEW-JOURNAL Andrew Levy, president of Las Vegas-based Allegiant Air, said in a recent Wall Street Journal article that the discount carrier “wants to be considered the hometown airline of all the little cities around the country.” Meanwhile, Levy told Fox Business Channel that he…
Equity Distribution Update, July 3, 2013
Dear Brothers & Sisters: The TWU Equity Distribution Committee met on July 2, 2013 at the ATD office in Hurst, Texas to review the draft Power Point presentation (attached) as presented by your TWU Equity Distribution Committee, legal counsel and professional advisors. We discussed, in detail, the many comments and suggestions received from the TWU…
Teamsters’ Hoffa Bribes to Buy Election
You’ve probably heard the serious allegations that the Teamsters forged union cards of American mechanics. Now, Labor Notes, the independent labor news service reports that Teamster President Jimmy Hoffa’s attempted to buy votes in a union election. Hoffa Must Pay to Publicize Bribe Attempts April 05, 2011 / Jenny Brown After six months of investigation…
CEOs Made 273 Times What Workers Did In 2012
Wages have been stagnant or falling for American workers throughout the recovery, but their bosses’ pay has rebounded dramatically. Average CEO compensation hit $14.1 million in 2012, up more than a third from 2009, and the ratio of CEO pay to worker pay hit a staggering 272.9-to-1, according to new research from the Economic Policy…
AMR Bankruptcy Update – 1114 Process
As American Airlines moves towards an exit from bankruptcy, there is still the issue of the Retiree Medical for current retirees. AA has proposed making modifications to the Retiree Medical Plan by shifting 100% of the cost of maintaining the plan to the current retirees. On January 23, 2013, Judge Lane heard arguments in connection…