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20120710 – MR Tentative Agreement Presentation Final – Rev 2 July 10, 2012 Tentative Agreement How we got here American Airlines entered in to bankruptcy on November 29, 2011 Each major employee group union and non-union were required to make cost cuts that would equate to $1.25 billion annually. The five major groups were each…
Earlier in the year we provided answers to certain questions on the bankruptcy procedure. These answers have not changed, but for the convenience of the membership we think it is helpful to reiterate the answers to the most common questions. We have also added a question and answer regarding recently negotiated arrangements for the payment…
From: Steve Hickman Frasier, Frasier & Hickman, LLP Re: Unemployment Benefits with American Airlines Layoff The Union has asked for an official legal opinion on how unemployment benefits interact with the upcoming proposed layoffs by American Airlines. Anyone laid off because of low seniority is entitled to unemployment benefits. This should be true whether or…
Be Sure You Are Registered to Vote* Let Us Help You Make Sure You Are Registered and Ready! Election Season is here once again, and registered voters will have the chance to vote for President, members of Congress, and a number of state and county officers. The primary election is past, but in Oklahoma the…
This document is not intended to be a comprehensive comparison. It is intended to highlight major economic changes only. American TWU (July 2012) United AMFA (2nd bankruptcy agreement May 2005)* Northwest AMFA (Dec. 2005) US Airways IAM (2nd bankruptcy agreement Jan. 2005)** Duration 6 years, 48 month early opener 2005 – 5 years, 51 month…
(Link to Jetnet Page) Employee Prefunding Balance Your employee prefunding balance is $x,xxx.xx as of March 31, 2012, and includes investment earnings through this date, this does not include Company contributions. Review the information below for additional information. Prefunding Today, TWU-represented employees at American Airlines contribute an amount each pay period to a trust…