May 6, 2010 9:20pm CDT
- Compensation:
- Signing bonus of 6% lump sum on date of signing for Base employees, except the Control Materials Storage (CMS), who will be getting an additional premium instead.
- 3% structural increase effective May 5, 2010.
- 1.5% structural increase effective May 5, 2011.
- 1.5% structural increase effective May 5, 2012.
- Premium pay including:
- Higher Capacity Premium: Increase to $2.75/hour effective May 5, 2010.
- Hazardous Material Premium: Create a $0.75/hour premium for all line personnel and base CMS personnel, effective May 5, 2010.
- Weekend Shift Premium for Overhaul bases: Create a $0.50/hour premium for shifts beginning between 2100 Friday and 2100 Sunday, effective May 5, 2010.Wage Adjustment Provision (“Wage Opener”): This provision is to ensure that the TWU classifications maintain their compensation standing with the industry comparators up until the amendable date of this agreement.
- Eliminating the 40-hour work requirement in Article 6(b).
Profit Sharing:
- Replace the current financial component of the AIP plan with an uncapped annual profit sharing plan that rewards employees at the first dollar of pre-tax earnings, excluding special, unusual and non-recurring items. This matches the richest plan in the industry.
- TWU and AA commit to developing a Base Employee Gain Sharing plan, a variable compensation plan to be implemented with 180 days of date of signing.
Productivity & Workrules:
- Enhance 24/7 workforce at the overhaul bases, with shifts operating 24 hours a day, seven days a week, allowing more scheduling flexibility for employees and giving American the ability to compete with MRO companies by increasing production hours.
- Change the labor loan clause to enable us to assign employees based on work load and need, instead of by labor agreement provisions exclusively.
- Modify Transfer memorandum to reduce the bump and roll process.
Holidays:
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Increase total number of holidays from 5 to 8 per year.
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Increase holiday work rate of pay from one-and-a-half times to double time on date of signing.
Vacation:
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Provide 2 “personal days” per year, effective date of signing. Employees may receive pay in lieu of taking the days, to be paid by January 31 of the following year.
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Increase the accrual rate for employees with less than 5 years seniority to 80 hours of vacation a year, or two weeks.
Sick Leave: Increase the sick leave accrual rate from 5 to 8 days per year and increase the maximum accumulation of sick time from 150 days to 250 days. This was made in conjunction with the Retiree Medical proposal.