Category: Bankruptcy

AA Unions & Employees Gather at DFW for a Large Valentine’s Day Protest At the Heart of the Matter: AA’s Outrageous Terms released Feb. 1 by AMR

What: APFA, TWU and AA Employee Protest Date: Tuesday, February 14, 2012 Time: 11:00 a.m. – 2:00 p.m. CST Place: DFW International Airport, Dallas-Ft. Worth TX Site: Terminal D, Upper Level Who: Association of Professional Flight Attendants (APFA), Transport Workers Union (TWU), AA/AMR Employees, Other Labor Unions and Concerned Citizens Dallas-Ft. Worth – Employees of…

AMR – Debtors’ Motion to Pay or Honor Obligations with Labor Arbitration Hearings

Yesterday the Debtors filed a Motion to Pay or Honor Certain Prepetition Obligations in Connection with Labor Arbitration Hearings (the “Motion”). The Debtors are required, under the Railway Labor Act and certain collective bargaining agreements (the “CBAs”), to establish and engage in a regulated procedure to settle labor grievances.  The Railway Labor Act requires the…

AMR Bankruptcy Update for February 6, 2012

The TWU Negotiating Committee met today to continue the arduous task of reviewing the company’s business plan proposals. This is the next step in the 1113 process. After a short presentation by AMR, regarding Active/Retiree medical benefits, the Negotiating Committee began drafting specific questions for the company, based on their projected cost savings per the…

AMR – Court Update 2/6/2012

Meeting of Creditors The initial meeting of creditors has been adjourned to March 22, 2012 at 4:00 p.m. (ET) at 80 Broad Street, 4th Floor, New York, NY 10004. Nicole Stefanelli Associate Lowenstein Sandler PC

Wrong for American –Wrong for America – Jim Little, TWU President

Last week, AMR executives revealed their proposal for bankruptcy reorganization. They decided to hit their employees at American Airlines and American Eagle with a hammer, slashing 13,000 jobs and dumping pension plans on the PBGC. They’re aiming for a 20 percent reduction in labor costs. From everything we can tell, this plan is wrong for…

Is American the Worst-Managed Airline in America?

Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline’s cost and outsourced hundreds of jobs that weren’t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA…

AMR and the return of the bare-knuckled bankruptcy Read more: AMR and the return of the bare-knuckled bankruptcy – The Deal Pipeline

These are some clippings from the article: They (Companies) gab with unions that represent their workers and creditors and banks that hold their debt. Some even put out press releases telling the world just how well they’re doing. It ordered $38 billion worth of planes four months before submitting its Chapter 11 petition — hardly…

Recent Bankruptcies Just the Beginning?

Peter Kaufman, Gordian Group president and head of Restructuring and Distressed M&A, on the recent bankruptcies from Eastman Kodak and AMR, and why this is just the beginning.   View the video here

AMR Bankruptcy Update – 02-02-2012

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…