Interesting:
A Comparison of the Tentative Agreements to Debtor Section 1113 Proposals
Before members cast their votes for or against the tentative agreements in the coming week, they must be cognizant of one fact. Just as there are only two possible outcomes to the voting process, there are only two consequences for these outcomes. A “yes†vote will allow the implementation of changes that will be a burden on each member. These changes will be difficult, but controlled and predictable. A “no†vote will merely trigger a bankruptcy filing the day following the voting deadline. This is a fact that has been bluntly stated by the Company, without reservation. Anyone who thinks a “no†vote will result in additional negotiation or better yet, an unchanged contract has ignored the news and ignored the facts. Bankruptcy is certain without these concessions in place.
And then this:
Dow Jones Business News
American Airlines Meets Resistance From Workers
Tuesday April 8, 12:18 am ET
The contract concessions that AMR Corp.'s American Airlines tentatively won from its unions have run into so much employee resistance that union leaders are coming back to management to ask for changes, The Wall Street Journal reported Tuesday.
Where are the facts and the truth?