The Bankruptcy Court today conducted a hearing about confirmation of the AMR plan of reorganization. At the outset of the hearing, the Court read a prepared statement stating that it has questions about whether the confirmation hearing should proceed in light of the Justice Department lawsuit. The Court directed briefing on this issue and will…
Tag: 1113
WHAT DO OUR VOTES MEAN?
YES Vote NO Vote Will the unchanged terms of our current contract stay in place? Yes. All of the changes that we vote on will take effect. The remaining unchanged terms will continue as part of a new successor contract. No. If the judge rules to reject the contract, it is completely terminated. Do we lose all of our benefits…
Sec. 1113. Rejection of collective bargaining agreements
Sec. 1113. Rejection of collective bargaining agreements (a) The debtor in possession, or the trustee if one has been appointed under the provisions of this chapter, other than a trustee in a case covered by subchapter IV of this chapter and by title I of the Railway Labor Act, may assume or reject a collective…