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Read more →You may have seen some electioneering from the Teamsters lately regarding Tom Horton’s compensation and the bankruptcy court. Let’s be perfectly clear about what is really going on here: Not only is the TWU not supportive of excessive bonuses and compensation for Tom Horton – we worked with the other unions at American…
Dear Sisters and Brothers, Several members have informed me that IBT organizers are distributing propaganda that claims that the TWU International will withhold equity that is rightfully due to our members. The TWU successfully negotiated the 4.8% equity, and it will be distributed to our members fairly, and with transparency. What seems to upset the…
During the negotiations of the collective bargaining agreement the company insisted on their need for increased outsourcing. The TWU zealously fought to retain work and obtained industry leading language that limits the company’s outsourcing to 35% of its total maintenance expense. Several areas were identified by the company for outsourcing, within the percentage cap, and…
A question was sent by Bobby Gless, TWU-ATD to Paul Kizel of Lowenstein Sandler LLP addressing Individual Claims. Brothers & Sisters, Some members filed individual claims for grievances (or other claims). Some of those individual claims are on the docket for next week and AA is looking to deny those claims. These should…
The American Airlines bankruptcy has resulted in major layoffs, steep pay-cuts, drastic work-rule changes and severe reductions in medical benefits to current employees and retirees. Yet, Tom Horton, American’s CEO Tom is set to receive a $20 million+ severance package. Bankruptcy reforms were put into place to prevent such excess following the Enron scandal and…
Introduction: As part of the resolution of the American Airlines bankruptcy, TWU negotiated a 4.8% share of the total claims recovered by general unsecured creditors. The post-bankruptcy Plan of Reorganization provides that unsecured creditors will receive their recovery in the form of new American Airlines Group (AAG) common stock. So TWU will receive 4.8% of…