United Airlines Filed for bankruptcy: Dec. 9, 2002 Length of time in bankruptcy: 38 months Capacity changes: 20 percent fewer airplanes; trimmed capacity by 8 percent Job cuts: 30 percent fewer employees, about 58,000 Wage/benefit cuts: Terminated defined-benefit pensions; average pay for pilots, mechanics and ground workers dropped about 35 percent; flight attendants’ average pay…
Category: TWU
Bankruptcy Q&A: Pension Information
The Pension Benefit Guarantee Corp. (PBGC) website is the best source for answers on retirement. You may want to look at that sites Q and A section. As of right now American has made no changes to the retirement plan in the TWU/AA agreement. It is expected that while in bankruptcy they will seek relief from the…
Bankruptcy Q&A: System Protection
“Whats happen to system protection and the ability to “bump” in the the event of a layoff. In other words if they “throw out the contract” are all our protections gone? And just what can the company change to the contract, ie: seniority protections, grievance rights, etc. Thanks“ Getting accurate answers to some of the questions being posed is…
ATD Today December 3, 2011
Statement by President James C. Little on Bankruptcy Filing by American and American Eagle We are very disappointed by today’s action by AMR. The Transport Workers Union will do everything possible to protect our members at both American Airlines and American Eagle. Work at both airlines will continue through the Chapter 11 reorganization. Our union…
The Public and Congress should be Up in Arms over the Bankruptcy Filing at the airline called “American”
By James C. Little AMR, parent of American Airlines and American Eagle, filed for bankruptcy last week even though the company is sitting on $4.1 billion in cash and is able to pay its bills. AMR’s ads in USA Today and the poor excuse for news coverage on network television last Tuesday would lead an…
Understanding the American Airlines Pension Plan on Jetnet
Just a few clicks to your pension estimate page on Jetnet: 1. Log into Jetnet 2. Click on “Benefits” directly below the Jetnet logo on the masthead 3. Click “Benefit Service Center” at the top of the blue navigation pane on the left side 4. Click on ” My Pension” on the masthead 5. Select“EstimateYourPension”…
Do you have a question that has not been answered on the website?
In case you do, we have provided your questions to the international. Those that we can answer locally have been. Please take some time and read through the http://aa.twu.org site, the PCGB site and if you still have questions, submit them HERE. We understand your need for answers, we feel the same as you. ,…
How The Bankruptcy Date Rule Can Affect Your Benefits
There are many ways the bankruptcy date rule can affect your benefits. As an example, assume an employee of Company X has 20 years of service as of July 1, 2009, when Company X files for bankruptcy. July 1, 2009, is the bankruptcy filing date. Let’s also say the plan ends July 1, 2011, at…
Court Update 12/1/11 – AA Bankruptcy
The Debtors scheduled a hearing on December 13, 2011 at 2:00 PM on the following motions: Interim Order (I) Authorizing Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 546(c) Establishing and Implementing Exclusive and Global Procedures for Treatment of Reclamation Claims Interim Motion of Debtors for Entry of Order…
Letter from Sam Cirri, President TWU local 514, 12-1-2011
Dear Brothers and Sisters, Tuesday we learned that AMR filed for Chapter 11 Bankruptcy. Now everyone has a thousand questions, and understandably so. To help get answers to your questions we have modified our website, www.twu514.org, to allow you to submit your questions directly to our International Legal Staff. We are now going down a…