Miami Members Mobilize To Help One Another Through Bankruptcy Hardships Watch the latest video interviews of TWU members from the Miami area who express their reactions about the bankruptcy and how it affects their future. When AMR filed for bankruptcy in November, the news hit working families like a corporate torpedo. It has now been…
Category: TWU-ATD
TWU Wins Freeze of Pension Plans at American Airlines
Dallas — In a major development in the ongoing AMR bankruptcy case, TWU members at American Airlines have won a freeze of current pension plans. “The company initially wanted to terminate our pension plan, shift the cost to the government, and put our members at risk,” said TWU International President James C. Little. “Our negotiating…
Bankruptcy Update, March 2, 2012
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…
ATD Today March 2, 2012
American Air Pension Battle May Spread American Airlines wants to terminate the pensions of 130,000 workers as part of its bankruptcy proceeding. The move would be good for the company’s balance sheet, but would it be good for America? American’s pension termination would be the largest in U.S. history. The airline wants to end the…
AMR – Court Update 3/1/2012
The Bankruptcy Court approved the debtors’ applications to retain and employ Skyworks Capital, LLC as an aircraft restructuring advisor, McKinsey Recovery & Transformation Company, Inc. Japan as a management consultant and Boston Consulting Group, Inc as a strategic consultant including to review and streamline the debtors’ management structure. As to Boston Consulting Group, Inc., the…
Interesting tidbits from the AMR/American Airlines bankruptcy case
SOURCE: Dallas News You can find out interesting things in the AMR/American Airlines bankruptcy filings When a company files for Chapter 11 protection under the federal bankruptcy code, it has to disclose a lot of things. That’s true for AMR, American Airlines and the various other subsidiaries. Some of those things are interesting, important or both.…
AMR Bankruptcy Update for February 27, 2012
NEGOTIATIONS UPDATE AMR SAYS NO TO EARLY OUT AS DESIGNED Late Friday AA presented its rationale for rejecting TWU’s proposal for an early out proposal. The Company asserts that the program as designed is too costly. However, AA indicated that it would still review such concepts during the entire 1113 process. An early out program…
AMR – Court Update 2/24/2012
The Debtors’ filed a Sixth Omnibus Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. § 365(a) Authorizing Rejection of Certain Executory Contracts (Docket No. 1338). According to the motion, over the years, in order to finance the costs of acquisition, construction, equipment, and improvement by American Airlines of certain airport facilities located…
AMR – Court Update 2/22/2012
Today the TWU submitted its response to (i) the motion of the AMR Retirees Pension Protection Corp. (“ARPPC”) for entry of an order appointing an official committee of retired employees pursuant to section 1114(d) of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the motion (Docket No. 1132) of the Ad…
Bankruptcy Update: 2-22-2012
Posted now on TWUs bankruptcy website: The audio file of TWU’s February 13 Town Hall Call with International President James C. Little, ATD Director Garry Drummond and labor attorney Mark Richard is posted at: http://aa.twu.org. President Little answers questions submitted by members about the AMR bankruptcy. Listen now, go to: http://aa.twu.org.