Peter Kaufman, Gordian Group president and head of Restructuring and Distressed M&A, on the recent bankruptcies from Eastman Kodak and AMR, and why this is just the beginning. View the video here
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Recent Bankruptcies Just the Beginning?
Rewriting American Airlines’ bankruptcy
MSNBC’s Lawrence O’Donnell explains how the bankruptcy of American Airlines shows us why voting for president is even more important than you think. Watch the video. This is a Must Watch Video.. Click Here: from The Last Word
AMR Bankruptcy Update – 02-02-2012
Brothers and Sisters, As we all know, the AMR bankruptcy has exacerbated an already difficult time for our members. TWU recognizes the anxiety and fear inflicted by their actions on you and your families. Be assured, we are taking all actions possible to protect your job, your wages and benefits. On Wednesday Feb. 1, AMR…
MetLife Payroll Deduction Error
Recently, a small number of employees received a letter from MetLife stating that their payroll deductions for Hyatt Legal, Long-term Care, Auto or Home insurance coverage would increase for the month of February. MetLife sent these letters in error and is working hard to fix the problem and to ensure this does not happen again.…
AMERICAN AIRLINES 1113(c) PROPOSAL TO TWU: Feb. 2, 2012
Dear Brothers and Sisters, The following 1113 term sheets were provided to the TWU Negotiating Committees. Although narrow, we will do our best to mitigate the proposals. We are planning to review the Company’s Business plan with our attorneys and the financial analysts hired by President Little. The savings that the Company has proposed is…
Letter from: Thomas W. Horton Chairman and Chief Executive Officer Feb.1, 2012
Dear American Team: American Airlines Several weeks into our restructuring process we continue to make progress on a comprehensive plan to restore American to industry leadership, profitability, and growth. From my travels around the system and talking with so many of our folks, I know the fierce commitment we all share to making American a…