Process When will I be able to sign up for the Early-Out? Information about the sign-up window will be available subsequent to ratification of the TWU agreements. How do I sign up for the Early-Out? That process is still being finalized, but will most likely be similar to how employees sign up for Stand-in-Stead options.…
Tag: Early out
TWU Early Out recipients Can collect UnEmployment
To Oklahoma TWU members: We reviewed the Early Out Incentive Allowance you submitted and based on that alone, it appears individuals taking this option would be preventing an involuntary furlough, in which case we would allow UI benefits based upon those facts. This is not a determination, as notice will go to the employer once…
TWU Early-Out Incentive Program Q&A – May 4, 2012
The company is responding to these questions based on its interpretation of the various plans, however, nothing in this document modifies the actual plan documents and in the event of a conflict, the plan documents will supersede this Q&A. Process When will I be able to sign up for the Early-Out? Information about the sign-up…
Transport Workers Union Gives AMR Early Out/Separation Proposal; Proposed $75K Incentive Payments an Alternative to Massive Layoffs During Bankruptcy
FORT WORTH – The Transport Workers Union presented plans to American Airlines management today that provide a blueprint for voluntary early out/separation as a way to avoid draconian, involuntary layoffs, while saving money for the company. On February 1, 2012, AMR management announced that it planned to reduce the company’s workforce by 9,000 from TWU-represented work…
TWU Negotiators Propose Early Out Package to AMR
Today, the TWU representing all work groups drafted a serious cost savings proposal for the company. The committee has proposed an early out package for all eligible employees in an immediate cost savings benefit for AMR. Eligibility for the package would include: Plan A: Retirement eligible • 10 years of service and age 55…