- Aug 20, 2002
- 185
- 8
Is the ALPA agreement now invalid, as it was contingent on the other labor groups agreeing to meaningful participation in the Restructuring Program, now that the mechanics have voted NO?
They'll participate....Just wait and see...----------------
On 8/31/2002 3:18:52 PM
Is the ALPA agreement now invalid, as it was contingent on the other labor groups agreeing to meaningful participation in the Restructuring Program, now that the mechanics have voted NO?
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Again, Siegel cannot agree to concessions that do not meet the target numbers because this would violate the DIP financing, emergence financing, and loan guarantee agreements. Siegel is not the hammer; it's the investors who want a cost structure that they believe is necessary to obtain a 7 percent ROI.
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