AFA Response to Retirement Systems of Alabama (RSA)


Aug 23, 2002
As we are sure many of you have heard by now, the CEO of RSA (Retirement Systems of Alabama), Mr. David Bronner has gone to the press and threatened the employees of USAirways with liquidation. Mr. Bronner was quoted regarding his opinion of where labor stands at the airline: What''s their alternative? If they don''t want to do this, we''ll Chapter 7 it. He sounds like a real charmer, a real-people person concerned about the employees of our airline. It is somewhat ironic that this man who heads the RSA wants to rape the pensions plans of the employees at USAirways. One of the things Mr. Bronner gets after we emerge from bankruptcy is seven seats on our Board of Directors. I guess what we are seeing from him now is what we can expect to see from him in the future. We can expect that anytime the airline needs money they will go after the employees of the airline.
We have not entered into any discussions with the Company at this time. We have advised the Company that once they have reached agreements with the other employee groups and when management has agreed to additional cuts we will then be willing to discuss productivity improvements in exchange for wage returns as outlined in the Restructuring Agreement reached earlier this year. We will update you as soon as additional information becomes available.
Your AFA MEC Officers