Got it blatant conflict of interest, that was a real insult thus your disdain for the TWU.MetalMover said:
2015 AMT Discussion
- Thread starter Eagle
- Start date
1AA
Veteran
And their families business or pleasure utilizing A5 passes. Jim Little several years back flew to Hawaii with his family on vacation. They all flew A5. How sweet of a deal. That got around quick even before the age of the internet got popular. Many were pissed.MetalMover said:
I don't remember but I think the jet wasn't made in the USA which is a bit ironicWorldport said:
Pension was the Biggie. Not only did International Reps get a Pension from the TWU, with a 2.5 multiplier and cost of living adjustments, paid for by members(us) but the company also agreed to pay their AA pension at the rates they were getting paid by the TWU. While its not unusual to continue to accrue at the rate they would have earned under the contract getting paid a company pension based on what the Union paid was clearly a conflict of interest. So when a mechanic goes into the International instead of his pension being based on $60k, it could be based on $200k. This worked against us in BK. At first the lawyers were OK with dumping the pension in the PBGC since AA had plenty of cash and mechanics, FS and MLS would all fall well under the $54k cap we would lose nothing more than if they froze it. The Pension would have pretty much covered the ask, however the International guys (and pilots) would have been over the $54k cap, our International and pilots had common ground, prevent the Pension from going PBGC at all costs, because they would lose a lot. Instead of getting a six figure pension they would have maxes at $54k, so all of a sudden we were told that we had to go with freezing the pension and finding other ways to make up the ask.MetalMover said:
Some of that debt that Weaasles talks about is due to AA freezing the pension instead of dumping it. Debt that AA, despite record profits continues to defer and attempts to get extensions on. Debt that no doubt will all of a sudden become a "problem" five years from now when these contracts all become amendable.
Real tired
Veteran
If you like jet aircraft, and want to learn about the private Lear of the IAM, you can study the costs here:Worldport said:
http://laborunionreport.com/2015/01/20/union-bosses-their-high-flying-ways-machinists-union-spent-over-1-4-mil-on-union-owned-jet/
Here's a nice picture and more useful information on OUR jet from OUR dues money:
http://iamexposed.org/jet.html
1AA
Veteran
Now I understand why IAM union dues are higher than the TWU.
A5 passes cost the company virtually nothing. It cost TWU members nothing. This is better than paying for a private jet flying union Fat Cats around on the backs of the IAM members. As bad as the TWU is the IAM is worse. Now they merged as one bad ass Association. Glad we had a vote on this.
A5 passes cost the company virtually nothing. It cost TWU members nothing. This is better than paying for a private jet flying union Fat Cats around on the backs of the IAM members. As bad as the TWU is the IAM is worse. Now they merged as one bad ass Association. Glad we had a vote on this.
Kev3188
Veteran
https://olms.dol-esa.gov/query/orgReport.do
Here is the LM-2 for the iam showing the cost for a/c maintenance and fuel
Here is the LM-2 for the iam showing the cost for a/c maintenance and fuel
