You will fit in very well with the eastholes. I just can't wait to deal with yet another group of self entitled assholes.
Entitled to what?
Already covered:
http://www.twapilot.org/TWA%20vs.%20ALPA%20Documents/Lee%20Seham%20Report.pdf
Here's what really happened, and the source:
http://www.gpo.gov/fdsys/pkg/CHRG-108shrg88585/html/CHRG-108shrg88585.htm
Today I want to use my time to offer you a little
background on American's acquisition of TWA's assets during the
early part of 2001 and our efforts to provide jobs to the
20,000 TWA employees who would have otherwise been facing the
liquidation of their company.
It was always our intent to provide jobs to the TWA workers
until their retirement, and we did everything we could to put
our newest employees on par with all other American employees.
In fact, we provided pay and benefits that represent one of the
most generous employee packages in the history of corporate
acquisitions.
Before TWA filed bankruptcy in January of 2001, it
approached the other major U.S. airlines about entering into
some kind of transaction whereby TWA could have continued to
operate. Only American was willing to make a comprehensive
proposal that saved the jobs of many TWA employees.
Under the asset purchase agreement, American voluntarily
agreed to provide employment to all unionized TWA employees.
The bankruptcy court found American's offer to be the only
qualifying offer and approved the asset purchase agreement. The
alternative was liquidation, and the immediate unemployment of
20,000 TWA workers.
Our goal was to successfully integrate the two airlines. We
knew that we would not be successful unless we had the good
will of the TWA employees. From the very beginning, we offered
TWA employees compensation and benefits that rewarded them as
if they had worked their entire career at American.
TWA employees were not brought on as new hires and lost no
pay, benefits, accrued vacation time, or sick leave. We gave
TWA employees full credit for their longevity for these
purposes.
As of January 2002, we put all TWA employees on American's
pay scale. Because TWA pay rates had been significantly lower
than those at American, the majority received a substantial pay
increase.
It is important to note that this was not a merger. As we
began the asset acquisition process, we had longstanding
obligations to the existing workforce at American of more than
100,000 employees and to the contracts negotiated with their
unions.
But the challenge of integrating two workforces goes beyond
matters of benefits and pay. It is the right and the
responsibility of the labor unions that represent our employees
to negotiate on their memberships' behalf on a wide range of
other contract provisions, including seniority and job
protection, and they are at issue today.
This, as you can imagine, was a difficult situation for all
involved. We had competing unions with competing interests, and
ultimately, these matters were resolved as internal union
matters. The company's role in the process was to use our best
efforts to facilitate the seniority integration process, and as
one independent arbitrator ruled, we did just that.
Even though the seniority integrations varied with each
work group--pilots, flight attendants and ground workers--
American met its commitment to provide former TWA employees
full credit for their years of service at TWA for all pay and
benefit purposes.
At the time of this asset acquisition, no one foresaw the
industry's impending financial crisis--a financial crisis that
regrettably has led to the furloughing of so many employees
throughout the industry, including at American.
The ultimate consequences for the TWA employees were not
the result of the integration plan, but rather an economic
downturn that forced layoffs and cutbacks throughout the
industry. The pain has been spread far and wide.
I appreciate the efforts of this Congress to provide aid to
the airline industry and assistance to the tens of thousands of
workers who have lost their jobs. I hope that we can all soon
anticipate better times for the U.S. airline industry and begin
to turn our focus toward recall our fellow workers.
Thank you for your attention, and I would be happy to
address your questions.