GAME OVER? Even before a vote?

RV4

Veteran
Aug 20, 2002
1,885
80
www.usaviation.com
Workers have already taken pay cuts--and the vote has not even happened yet?

Associated Press

American Airlines Workers Take Pay Cuts
Saturday March 29, 7:45 pm ET
By David Koenig, AP Business Writer

DALLAS (AP) -- American Airlines reached tentative agreements with several small labor groups to reduce wages Saturday as a key union leader warned workers that the cuts will be deeper if the world's largest airline fails to avoid bankruptcy.
American reached tentative agreements with more than 2,100 stock clerks, dispatchers, maintenance specialists and meteorologists, the Transport Workers Union said. About 16,000 baggage handlers reached an agreement Thursday, and talks were continuing with representatives of about 39,000 pilots, flight attendants and mechanics.
We are pleased with these additional tentative agreements and the TWU's intent and seriousness, airline spokesman Bruce Hicks said. He declined to discuss the ongoing negotiations other than to say that progress is being made.
American, which has about 99,000 employees, says it must cut its labor costs by $1.8 billion per year to avoid bankruptcy. If it fails to do so, bankruptcy lenders would demand an additional $500 million in labor concessions, said James Little, director of the TWU's airline division, which represents about one-third of American's employees. This Sounds Like a Company Man Peddling Fear
Parent company AMR Corp., based in Fort Worth, has lost nearly $5.3 billion in the past two years, and the war in Iraq is putting additional pressure on the airline by leading to sharp declines in international travel, which accounts for more than one-fourth of American's business.
 
Aug 29, 2002
196
0
www.usaviation.com
either way you are scre_ed. Burger King wages and Bennies await those that stay and bite on the Bait,while those in the Ivory Towers look down with no pitty, and take a sip of wine and a bite of cheese, after all there is alway''s another sucker to take the Bait. The way I see it is..we take it or leave it..sad to say there are not enough
workers in this USofA to say Stick it. Oh well gotta clock in.
 

AAmech

Veteran
Aug 22, 2002
766
1
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On 3/29/2003 7:35:08 PM RV4 wrote:


If it fails to do so, bankruptcy lenders would demand an additional $500 million in labor concessions, said James Little, director of the TWU''s airline division, which represents about one-third of American''s employees.  "This Sounds Like a Company Man Peddling Fear"


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I agree!! I think it would be much better if he would just LIE to us and say we''ll get a much better deal in BK court! Or tell us to "Hang Tough, Full pay to the last Day"!!!
 

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