On November 4, 2014 American will make another distribution of shares from its Disputed Claims Reserve. This is a comparatively small distribution and standing alone would result in almost all members receiving no shares because they would be entitled to only fractions of shares. However, TWU held on to the initial distribution from the DCR…
154 search results for "Equity"
American Declares Stock Dividends
All members who still hold AAL shares will receive a $0.10 per share dividend. If they have provided Computershare with direct deposit information (either by selling shares or when they signed up) they will receive the dividend funds by direct deposit. If they have not provided direct deposit information, they will receive a physical check…
757 AIRFRAME OVERHAUL GRIEVANCE
The arbitrator’s awards regarding eligibility for participation in the distribution of equity related to the 757 overhaul outsourcing grievance held that because 757 airframe overhaul were done, or could have been done, at Tulsa, AFW and DWH, employees at those bases who worked on or in direct support of airframe overhaul were eligible to participate…
514 – What’s on the plate
Sign Shop We will not be taking any NEW orders for signs – More Details HERE Jay Potter resigned as Co-Chair of COPE Committee Dale Danker is Chairman and D’Ann Johnson Co-Chair of the COPE Committee Grievance: 29D filed Suspended Transfer Memorandum Movement of Mechanics in hangars President Dale Danker filed on AA for their violation in…
514 – What’s on the plate
Judge Lane Judge Lane denied the company’s motion for summary judgment on their right to terminate the retiree medical plan. We have given the summary to our attorneys for their interpretation. MORE HERE Day 120 Equity Distribution Letter from Garry Drummond – April 8th 2014 was the Day 120 Distribution of Equity Day 120, Equity…
514 – What’s on the plate
Prefunding, Company Portion (1114) I called Judge Lanes office on Thursday, No decision has been made on the 1114. Judge Lane’s Opinion Site is where it will be posted as soon as it is made LINK HERE What Unions Do Respect on the job? Check. Fairness. Check. Training opportunities? Check. A voice at work? Check. Read MORE Shop…
514 – What’s on the plate
Stand in Stead Deadline is March 10, 2014 Read more HERE Equity Distribution As this process goes, AA determines the “when and if” of the distributions. The only statement that seemed official is that the final distribution will be on the 120th day. The last distributions were posted by AA the week of the distribution.…
TULE and TAESL Workforce Adjustments
Management at TULE and at TAESL shared information today regarding workforce adjustments. Details of the adjustments are below. Today, Base Maintenance announced an effort designed to adjust workforce allocations to changing business needs and some solutions for the workforce adjustment. Concurrently, TAESL, a joint venture between American Airlines and Rolls Royce, announced an adjustment for…
From Jetnet: More Shares on the Way for U.S.-Based Legacy American Employees
Dear Colleagues, We’ve shared before that the majority of U.S.-based legacy American employees are eligible to receive 23.6 percent of the shares of common stock in the new company (AAL) distributed to holders of allowed unsecured claims. As of Jan. 10, American has distributed approximately 26 million AAL shares to eligible U.S.-based legacy American employees.…
514 – What’s on the plate
New Overtime Guidelines TWU 514 leaders met and reviewed the new language Meeting with AA Today for clarification Workers Compensation Law The legislation revolves around three parts: the Administrative Compensation Act, the Oklahoma Benefit Act — which includes the opt-out provision — and the Arbitration Act. Starting on February 1, an administrative process with three appointed commissioners…