American Airlines has announced it wants to end the pension plans of its 130,000 workers and retirees. The company will ask the bankruptcy court to transfer its pension obligations to PBGC. Pensions are promises made to working Americans who count on them for a secure retirement. Those promises should not be broken lightly. PBGC will…
Category: Bankruptcy
Transport Workers Union Gives AMR Early Out/Separation Proposal; Proposed $75K Incentive Payments an Alternative to Massive Layoffs During Bankruptcy
FORT WORTH – The Transport Workers Union presented plans to American Airlines management today that provide a blueprint for voluntary early out/separation as a way to avoid draconian, involuntary layoffs, while saving money for the company. On February 1, 2012, AMR management announced that it planned to reduce the company’s workforce by 9,000 from TWU-represented work…
TWU Negotiators Propose Early Out Package to AMR
Today, the TWU representing all work groups drafted a serious cost savings proposal for the company. The committee has proposed an early out package for all eligible employees in an immediate cost savings benefit for AMR. Eligibility for the package would include: Plan A: Retirement eligible • 10 years of service and age 55…
AMR Bankruptcy Update for February 14, 2012
DFW Airport Labor Solidarity Rally Monday and Tuesday the TWU Negotiating Team hunkered down at Flagship University continuing their careful evaluation of AMRs financial spread sheets, and drafting their “ask” for specific documents needed for review – the company is obligated to produce these for the TWU negotiators. Additionally, some work groups attended company presentations…
American Airlines flight attendants and mechanics are protesting at DFW
CNN 2 8 12 Pilot speaking about AA’s maintenance outsourcing plans
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As one employee and TWU member of Local 513 said, “We gave our life to this place.”
[youtube e_3kRE8dT-8]That place is American Airlines and its workers have spent most of their working lives there dedicating 25 years to 39 years to American Airlines, but now are faced with losing their jobs, pensions and medical benefits if American Airlines has its way. Recently, American Airlines workers and those in the community of Dallas/Ft.Worth,…
Stay Relief Motions February 11, 2012 – AMR Bankruptcy
On February 10, 2012, the TWU filed a motion for relief from the automatic stay on behalf of Everton White. By this motion, the TWU seeks an order terminating or, alternatively, modifying the automatic stay imposed pursuant to section 362 of the Bankruptcy Code, to permit Mr. White to continue to pursue a certain claim…
Transportation to DFW Protest “SHORT NOTICE”
Local 514 will be supplying transportation to the the “Valentine’s Day Protest@DFW” informational Pickett to protest AA Bankruptcy for members that are interested. Members would be on there own time, Vacation or Day Off, you would also have to leave Tulsa around 4:30 to 5:00 am Tuesday morning just to get to Dallas on time. Please…
AMR Bankruptcy Update for February 8-10, 2012
This week the TWU Negotiating Team methodically scrutinized the company’s reorganization plan and spent much of each day analyzing company financial data and spread sheet comparisons. Individual work groups began drafting their questions for the company and presented some to them on Thursday afternoon. Others will follow into next week. The questions passed to AMR…