TWU Negotiating Committee Update
All title groups continued with the bankruptcy negotiations throughout this week. The goal is clear…mitigate the company’s TWU “ask” of over $390 million, including about 9,000 layoffs.
Your Negotiating Team leaders analyze the documents, data and business plans. The various experts retained by TWU, assist them as we bargain at a very rapid pace as required by law.
The settlements, if any, will be concessionary. Regrettably, that is the way bankruptcy works. If we do not reach consensual concessionary deals, the judge decides per the 1113 process. He decides whether or not to reject our contracts in order to allow AA to emerge successfully from bankruptcy.
In order to step up our efforts to keep jobs in America and protect our contracts, thousands of TWU members and supporters protested against layoffs at American Airlines and American Eagle at airports across the country on Wednesday, February 29th. While your leaders continued their hard work, many hundreds of you displayed your feelings about the AMR bankruptcy publicly. The committee appreciates your show of support and solidarity.
Lastly, AMR ceased utilizing the services of Bain & Company, Inc. This was a consulting firm utilized in restructuring plans aimed at American Eagle. The TWU vigorously opposed this highly expensive consultant contract, both in court and publicly. Our actions worked.
The Negotiating Committee’s will work through the rest of the week and re-convene next Monday March 5th.