Nov. 29, 2011 – AMR files for Chapter 11 Bankruptcy Dec. 5, 2011 – TWU earns seat on the Unsecured Creditors Committee Feb. 1, 2012 – AMR presents 1113 “ask” eliminating over 9,000 TWU positions by outsourcing jobs Feb. 13, 2012 – TWU hosts tele- phone town hall Q and A about AMR bankruptcy…
154 search results for "Equity"
American Mechanics Lock-in Pay Increases and Industry Standard Pay by September 2015
Our contract guarantees wage increases that will return us to industry standard pay rates. Here are the pay Increases we have locked in: By this September, when the Company exits bankruptcy and we receive our pay increases, we will have received about an 11 percent increase since September of last year. This September, we receive…
Meeting Notice
TWU Equity Distribution Plan Presentation Where: TWU 514 Union Hall, 11945 East Pine Street, Tulsa Ok. When: Thursday, June 13, 2013 Times: 7:15 AM | 11:45 AM | 3:45 PM Meeting Notice- TWU Equity Distribution in PDF
Letter from Garry Drummond, TWU Vice President, ATD Director on AMT Day
Dear Brothers and Sisters: Today, we join thousands of AMTs at American Airlines and American Eagle in celebrating National AMT Day. We have tremendous pride in your professionalism, and the skills and knowledge you apply to keep the flying public safe. At both American Airlines and American Eagle, AMTs along with all work groups have…
In Response to an Article on the Forbes Blog.. From TWU President Jim Little – May 9th 2013
This article was posted in Forbes on April 29th, 2013 “Why American Airlines Employees Loathe Management” it is the basis for the comments from TWU President James C.Little as written below. Subject: RE: Forbes Article While there are many inaccuracies in the article, the following are some of the most egregious errors: 1. Excessive pay to corporate…
AA Bankruptcy Update, April 16, 2013
On the evening of April 15, 2013, American Airlines, Inc. and its affiliates (“AMR”) filed their proposed plan of reorganization (the “Plan”) and related disclosure statement (“Disclosure Statement”) with the Bankruptcy Court along with a motion (the “Motion”) requesting the Bankruptcy Court to establish various deadlines and hearing dates leading up to approval and confirmation…
Paid To Fail: Bankrupt American Airlines CEO Slated For $20 Million Severance
SOURCE: gnom.es national news service But alas, after further reading, I returned to my normal state of cynicism when learning of new deca-million dollar bonuses paid to corporate managers. Perched high on bench in his lower Manhattan courtroom, U.S. Bankruptcy judge Sean Lane sang the praises of the proposed AMR Corp. (parent of American Airlines) and U.S. Airways…
AA Bankruptcy Court Update March 27, 2013
By motion filed with the Court on February 22, 2013, the Debtors sought approval of AMR’s execution of and entry into an Agreement and Plan of Merger (the “Merger Agreement”) among AMR ,the so-called AMR Merger Sub, Inc. (“Merger Sub”), and US Airways Group, Inc. (“US Airways”), dated February 13, 2013. The Debtors submit that…
Testimony on Bankruptcy Reform
TWU Int’l President James C. Little spoke on Thursday, March 14, at the Field Hearing of the ABI Commission to Study the Reform of Chapter 11 addressing the airline companies’ use of bankruptcy laws to undermine their contractual obligations to the workers and urgency for reform. President Little testified, alongside other labor unions, that labor…
Questions and Answers – March 14, 2013
Question: How does the 4.8% equity stake pay out? Answer: Depending on instructions from the Bankruptcy Court, a combination of stock and/or cash will be provided to the TWU for distribution to members, amongst the seven classes or crafts. Question: What makes up the 4.8% equity stake? Answer: The stake is equivalent to 4.8% of…