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I think many of you fine folks are looking at this from the wrong perspective. The Company promised $1 Billion + additional in stock to our creditors so that they would agree to the Chapter 11 reorg. plan. Now this money is going to the PBGC (Govt pension) folks instead.

Now that they (creditors) are beeing screwed too and are added to the list of exemployees, govt leaders, current employees, venders & everyone we do business with (don't forget our customers too). Where does it end?

Now the fighting will begin to see who loses this stock....GE Capital? Bank of America?......who?
What group of people has this Management not screwed, I ask? Even the whole Chapter 11 plan was/is a house of cards!

This just leads to the opinion that more Companies wish us ill today, than yesterday.

How many more torpedoes can the good ship take and stay afloat?
 
Fatherknowsbest said:
I think many of you fine folks are looking at this from the wrong perspective. The Company promised $1 Billion + additional in stock to our creditors so that they would agree to the Chapter 11 reorg. plan. Now this money is going to the PBGC (Govt pension) folks instead.

Now that they (creditors) are beeing screwed too and are added to the list of exemployees, govt leaders, current employees, venders & everyone we do business with (don't forget our customers too). Where does it end?

Now the fighting will begin to see who loses this stock....GE Capital? Bank of America?......who?
What group of people has this Management not screwed, I ask? Even the whole Chapter 11 plan was/is a house of cards!

This just leads to the opinion that more Companies wish us ill today, than yesterday.

How many more torpedoes can the good ship take and stay afloat?
I say, take it from Dave's share. He's sitting with 1.7 million shares. He needs to show "nobility" and give it to the creditors and make up the difference. After all, it was his "plan".
 
USFlyer said:
"Over the next week, we will be analyzing the decision and evaluating our appeal alternatives.?
The only "labor group" on the "property" at US making any ground these days has to be the legal department.

Wonder what CCY will do when they are cornholed on the IAM appeal?
 
ClueByFour said:
USFlyer said:
"Over the next week, we will be analyzing the decision and evaluating our appeal alternatives.?
The only "labor group" on the "property" at US making any ground these days has to be the legal department.

Wonder what CCY will do when they are cornholed on the IAM appeal?
CLUE:the rumor de jour was company wishing to eliminate all out station ground service equipment (GSE)except the hubs and vendor out at such stations..
this would save them from paying some 40-50 IAM personell their wages and saving the company a ton of money...well this just happens to fall under contractual protections.....and IAM threatened another lawsuit with in all probability another" major dispute" being declared.....last word from IAM was the company will abolish some 45 positions and leave one person at each out station in the GSE classification to abide by the contract.
also it was brought up as to eliminating some 20 utility full time personell from the PHL station...well the company had to be reminded that if they wish to eliminate utility personell as per the agreed upon contract,they must layoff some 20 "part time "personell......
as it goes without saying..the "band of gypsies" at CCY once more show their ignorance and willingness to not abide by previously agreed upon contractual obligations..............
this makes one wonder that if they show this apparent disregard for negotiated union contracts..what the hell are they doing to vendors??
KEEP THE FAITH BABY........ :shock: :blink: :up:
 
According to the IAM 141m website, it looks like they have closed several out staions to GSE personnel entirely. Is this contractually legal, or is it more of CCY's program of completely disregarding U's CBA's?
 
DJ US Airways To Lay Off 552 Flight Attendants >UAIR


PITTSBURGH (AP)--US Airways Group (UAIR) will lay off 552 flight attendants, most of them in Philadelphia, next month after hundreds of others returned from voluntary leave, which was intended to help the airline weather its spiraling finances and bankruptcy.

Company and union officials said the Arlington, Va.-based airline will lay off the flight attendants on Jan. 15 based on seniority.

The layoffs apparently mark the end of voluntary furloughs that the nation's seventh-largest airline offered its employees to stave off job cuts. Under the offer, veteran employees could go on leave to preserve a younger worker's job.

"The company is saying, now they have to crack heads. This is a way to eliminate more heads from the property," said Theodora "Teddy" Xidas, president of the Association of Flight Attendants Local 40 in Pittsburgh. "The company will not offer voluntary furloughs again."

US Airways spokeswoman Amy Kudwa said no further voluntary furloughs were planned. Kudwa said the layoffs were needed to "even out" the airline's active employees after 360 people returned from furloughs earlier this month.

Philadelphia will lose the most, 296, while 119 will be cut in Washington, D.C. Flight attendants in Boston, Charlotte, N.C., and New York's LaGuardia will also be cut.


(END) Dow Jones Newswires

12-31-03 0542ET- - 05 42 AM EST 12-31-03


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