Got this from the same friend. However, I don't know the original author or the source. That being said there are some very interesting points made--particularly in regard to conversations directly with the union about the LBFO. For instance, did you know that the union has agreed not to dispute any bonusses awarded to the executives? Again, I have underlined or otherwise highlighted some points I found particularly startling.
Just FYI...
YOU NEED TO READ THIS BEFORE YOU VOTE!
Then post, and send, but kindly be sure to erase the senders email when you forward it.
For those who are looking to leave, just remember; Delta’s F/A's were offered $100,000, and UAL’s F/A's were offered $65,000 to those who could leave early. Our union expects thousands to leave. Well, Delta only had 900 to leave with that large amount of money they were offered, so I can only say, 'Really?'
Aug. 6th, 2012 [with additional information obtained on Aug, 8th]
I received a large envelope from the union today. There is nothing new; the same TA from APFA and Jetnet web-sites. I called the union ‘Fact Line’ to ask several questions.
Here Are The Bullet Points:
Question: Is this TA the actual contract language as it seems vague in many areas?
Answer: No, quote [the language] "Is very liquid, and needs to be tweaked here and there.”
Question: This means much is left up for our interpretation?
Answer: Well, they will have to work out the details.
Question: Have we ever voted on a contract without actual language to read before? Is this common practice to just receive highlights?
Answer: “No-No.”
Question: Page 2 #10, On Pay Protection; this doesn't read like 100% pay protection without stipulations?
Question: Do we have to go on make-up for pay protection?
Answer: “Yes, the trip has to fit into the footprint."
Question: What does this mean?
Answer: “This means the same days of the trip lost plus one.”
FYI: You will be required to be available for that time in order to get pay protection. UAL’s language for pay protection is 100% protection without any stipulations.
Question: If a turn cancels would I be required to sit stand-by [in order] to be pay protected?
Answer: "Yes"
Question: Page 19, #1. This section keeps using the word, ‘Unsecured Claims of equity, not secured?’ To me unsecured claims are worthless?
Answer: "It means, whatever AA says. Claims could be given in any number of ways; stock, money..." They clarified it today [August 8th] both the attorneys; with AAL and the Union have agreed that the equity is in stock and will be paid to the union then the union will distribute it to the flight attendants.
FYI: Remember it is still unsecured!
Question: Page 20 #3 says our union will be paid up to five million dollars if this passes. What is this for and if it is a BK law? Why is it in our contract? BK laws require companies to pay legal fees, APFA fees will probably be more than this amount.
Answer: No answer to why it is in our contract if it is a BK law. No answer to; if we could collect more under BK laws. According to today’s inquiry it is already costing more.
Question: Page 21 #9 Am I reading this right??? APFA agrees not to contest management bonuses in respect to the sacrifices made by them during BK??? Answer: "Yes.”
Question: Who puts this in a contract? It's my constitutional 1st amendment right of Freedom of Speech to protest anything I believe unfair or unjust? Answer: “It means the union cannot organize a public picket but individuals can still protest.” Today it was learned this clause was definitely non-negotiable, and it is in all three contracts without a doubt.
Question: I see this as a statement that management intends to receive big bonuses to exit BK is this correct?
Answer: "I would say so."
FYI: An article in the New York Times reported, "AMR executives might receive $300 million to $600 million in AMR stock when the company emerges from bankruptcy."
The Gag Order Language:
"Subject to the foregoing, APFA agrees not to object to or contest the issuance of equity or other consideration in the Bankruptcy Cases to the Company's non-union and management employees, in respect of the sacrifices made by them in furtherance of the Company's effort to restructure or as incentive for the non-union and management employees' future service to the Company."
Question: Page 6 #1, 2nd paragraph, says the company is not required to maintain or fund or provide benefits under a defined pension plan, does this mean the company does not plan to fund our frozen pensions and let it go to the PBGC, which does not fund medical retirement; when and if it should go there.
Answer: “Yes?” However, [will have] ‘To get back to me.’
FYI: The Company plans for the frozen pension funds to go to PBGC
Today the representative said that our pension plan is not frozen presently. They anticipate the company to freeze them September 1, 2012.
Rumor: The NMB has not released a work group for self-help in 11 years [to take work action].
False: Spirit pilots were released by NMB in May of 2010, and were on strike for 5 days in June of 2010. [Search: Spirit Pilots + Strike and/or National Mediation Board Released Pilots]
Rumor: United FA’s are still under an imposed contract from BK.
False: They voted yes for a contract in BK and have been working under it, and now they just received a TA to vote on for a merger contract and it will expire in 2014.
AAL is proposing in this LBFO for us to work under the industry’s lowest standard agreement until 2018; a minimum of 6 years.
Rumor: We’ll be stuck with 1113/term sheet for at least 6-10 years.
False: Nobody knows~ Longest on record is 10 months.
Just FYI...
YOU NEED TO READ THIS BEFORE YOU VOTE!
Then post, and send, but kindly be sure to erase the senders email when you forward it.
For those who are looking to leave, just remember; Delta’s F/A's were offered $100,000, and UAL’s F/A's were offered $65,000 to those who could leave early. Our union expects thousands to leave. Well, Delta only had 900 to leave with that large amount of money they were offered, so I can only say, 'Really?'
Aug. 6th, 2012 [with additional information obtained on Aug, 8th]
I received a large envelope from the union today. There is nothing new; the same TA from APFA and Jetnet web-sites. I called the union ‘Fact Line’ to ask several questions.
Here Are The Bullet Points:
Question: Is this TA the actual contract language as it seems vague in many areas?
Answer: No, quote [the language] "Is very liquid, and needs to be tweaked here and there.”
Question: This means much is left up for our interpretation?
Answer: Well, they will have to work out the details.
Question: Have we ever voted on a contract without actual language to read before? Is this common practice to just receive highlights?
Answer: “No-No.”
Question: Page 2 #10, On Pay Protection; this doesn't read like 100% pay protection without stipulations?
Question: Do we have to go on make-up for pay protection?
Answer: “Yes, the trip has to fit into the footprint."
Question: What does this mean?
Answer: “This means the same days of the trip lost plus one.”
FYI: You will be required to be available for that time in order to get pay protection. UAL’s language for pay protection is 100% protection without any stipulations.
Question: If a turn cancels would I be required to sit stand-by [in order] to be pay protected?
Answer: "Yes"
Question: Page 19, #1. This section keeps using the word, ‘Unsecured Claims of equity, not secured?’ To me unsecured claims are worthless?
Answer: "It means, whatever AA says. Claims could be given in any number of ways; stock, money..." They clarified it today [August 8th] both the attorneys; with AAL and the Union have agreed that the equity is in stock and will be paid to the union then the union will distribute it to the flight attendants.
FYI: Remember it is still unsecured!
Question: Page 20 #3 says our union will be paid up to five million dollars if this passes. What is this for and if it is a BK law? Why is it in our contract? BK laws require companies to pay legal fees, APFA fees will probably be more than this amount.
Answer: No answer to why it is in our contract if it is a BK law. No answer to; if we could collect more under BK laws. According to today’s inquiry it is already costing more.
Question: Page 21 #9 Am I reading this right??? APFA agrees not to contest management bonuses in respect to the sacrifices made by them during BK??? Answer: "Yes.”
Question: Who puts this in a contract? It's my constitutional 1st amendment right of Freedom of Speech to protest anything I believe unfair or unjust? Answer: “It means the union cannot organize a public picket but individuals can still protest.” Today it was learned this clause was definitely non-negotiable, and it is in all three contracts without a doubt.
Question: I see this as a statement that management intends to receive big bonuses to exit BK is this correct?
Answer: "I would say so."
FYI: An article in the New York Times reported, "AMR executives might receive $300 million to $600 million in AMR stock when the company emerges from bankruptcy."
The Gag Order Language:
"Subject to the foregoing, APFA agrees not to object to or contest the issuance of equity or other consideration in the Bankruptcy Cases to the Company's non-union and management employees, in respect of the sacrifices made by them in furtherance of the Company's effort to restructure or as incentive for the non-union and management employees' future service to the Company."
Question: Page 6 #1, 2nd paragraph, says the company is not required to maintain or fund or provide benefits under a defined pension plan, does this mean the company does not plan to fund our frozen pensions and let it go to the PBGC, which does not fund medical retirement; when and if it should go there.
Answer: “Yes?” However, [will have] ‘To get back to me.’
FYI: The Company plans for the frozen pension funds to go to PBGC
Today the representative said that our pension plan is not frozen presently. They anticipate the company to freeze them September 1, 2012.
Rumor: The NMB has not released a work group for self-help in 11 years [to take work action].
False: Spirit pilots were released by NMB in May of 2010, and were on strike for 5 days in June of 2010. [Search: Spirit Pilots + Strike and/or National Mediation Board Released Pilots]
Rumor: United FA’s are still under an imposed contract from BK.
False: They voted yes for a contract in BK and have been working under it, and now they just received a TA to vote on for a merger contract and it will expire in 2014.
AAL is proposing in this LBFO for us to work under the industry’s lowest standard agreement until 2018; a minimum of 6 years.
Rumor: We’ll be stuck with 1113/term sheet for at least 6-10 years.
False: Nobody knows~ Longest on record is 10 months.