We are looking for families willing to have their picture taken and tell their story on how American Airlines’ bankruptcy has and could effect them. We are looking to use them for the “I Support American Jobs.com” Pledge site. Please contact the Union Hall at 918 437-4300 if you are interested. We will be setting…
Tag: Bankruptcy
PBGC Objection to Procedures
The PBGC filed an objection to the Debtors’ motion establishing procedures for settling certain claims. The PBGC objects to the provisions of the Debtors’ proposed procedures that would permit the Debtors to settle claims where the settlement amount is within 10% of the scheduled amount of the creditors claim, without court or creditor scrutiny, so…
AMR Bankruptcy Update for March 16, 2012
There were no scheduled negotiations between the TWU and AMR today. But, in a letter to the NMB late this afternoon, AMR rejected TWUs proffer of binding arbitration. In the letter, Senior VP Jeff Brundage made it clear that AMR would continue to seek consensual agreements with all of its labor groups through the 1113…
AMR – Court Update 3/15/2012
On March 15, 2012, the Debtors filed an Objection to the TWU’s Motion For Entry of An Order Lifting or Modifying the Automatic Stay to Permit James Gregorio to Institute Proceedings Against the Debtors For Improper Wage Garnishment. James Gregorio presently works in the Debtors’ Facilities/GSE Maintenance division/center/office in Miami, Florida. In April 2011, Mr.…
Bankruptcy Update for March 13, 2012
The TWU Negotiators met today at Flagship University amid a flurry of media rumors reporting a possible merger with U.S. Airways and American Airlines. There are no facts to substantiate these rumors. Last week AMR filed for a six month extension for its exclusive reorganization time limit which expires March 28. If the court agrees…
AMR Bankruptcy Update for March 7 – 9th, 2012
This week’s negotiations have shown some progress. On Wednesday AMR announced they would accept the TWU Negotiating Teams proposal to “freeze” existing defined benefit pension plans. This is a major move forward in these difficult negotiations, but remains subject to reaching consensual agreements with all TWU represented work groups. The TWU website has posted an…
Letter from Jim C. Little to the National Mediation Board
By Email and USPS Certified Mail Linda Puchala, Chairman Elizabeth Dougherty, Member Harry Hoglander, Member National Mediation Board 1301 K Street, N.W., Suite 205E Washington, D. C. 20005-7011 Re: American Airlines and Transport Workers Union of America AFL-CIO Seven Contract Groups Dear Chairman Puchala and Members Dougherty and Hoglander: I write on behalf of the…
AMR – Court Update 3/8/2012
On March 8, 2012, AMR filed a motion pursuant to section 1121(d) of the Bankruptcy Code requesting an extension of their exclusive period to file a chapter 11 plan from March 28, 2012 through and including September 28, 2012 and their exclusive period to solicit acceptances of such plan from May 29, 2012 through and…
TWU Wins Freeze of Pension Plans at American Airlines
Dallas — In a major development in the ongoing AMR bankruptcy case, TWU members at American Airlines have won a freeze of current pension plans. “The company initially wanted to terminate our pension plan, shift the cost to the government, and put our members at risk,” said TWU International President James C. Little. “Our negotiating…
AMR – Court Update 3/1/2012
The Bankruptcy Court approved the debtors’ applications to retain and employ Skyworks Capital, LLC as an aircraft restructuring advisor, McKinsey Recovery & Transformation Company, Inc. Japan as a management consultant and Boston Consulting Group, Inc as a strategic consultant including to review and streamline the debtors’ management structure. As to Boston Consulting Group, Inc., the…