Statement from UCC Labor Subcommittee

[eolesen]

Note that the three unions are not part of this Subcommittee.

For those who think the UCC is losing patience with Horton...

• they are supportive of everything done with regard to cost control and revenue
• consensual agreements are preferred, but labor has had more than its fair share of time to negotiate; The rest of the UCC wants to move on with the process
• equity stakes as previously agreed are still on the table, but not for long and only in a consensual deal
• efforts to shift any more value towards AA's unionized employees will be opposed

Again, read the document once or twice before commenting...

 

[WorldTraveler]

They may be supportive of Horton but they still cannot escape the reality that their investment is on the line. Their greatest return will come from having AA emerge as a standalone company but they are not afraid to consider other options to sell AA in whole or in pieces if that is what is necessary to protect their investment.

They do make it clear that expectations that AA is going to pony up more cash for labor are unrealistic.

Labor therefore needs to decide if they want to live within that framework or work w/ the UCC to find alternatives that meet the objectives of all parties, or allow the UCC to make those decisions unilaterally.

 

[TWU informer]

The letters of subtle yet direct manipulation continue.

Always, timed for a specific outcome.

 

[Super FLUF]

For those who think the UCC is losing patience with Horton...

What is said publicly and what happens privately behind the scenes are two different things entirely.

My sources are people at APA who have direct contact with non-labor UCC members. Who is your source?

 

[jersey777]

Note that the three unions are not part of this Subcommittee.

For those who think the UCC is losing patience with Horton...

• they are supportive of everything done with regard to cost control and revenue
• consensual agreements are preferred, but labor has had more than its fair share of time to negotiate; The rest of the UCC wants to move on with the process
• equity stakes as previously agreed are still on the table, but not for long and only in a consensual deal
• efforts to shift any more value towards AA's unionized employees will be opposed

Again, read the document once or twice before commenting...

They are only supportive of Horton because they want AA to have the strongest plan possible before they entertain other POR's so they can get the most return on their money. They really don't care who runs the company in the future.

 

[eolesen]

My sources are people at APA who have direct contact with non-labor UCC members. Who is your source?

I got it from the neighbor of the guy who runs the donut shop around the corner.

 

[jersey777]

This sentence appears in the last paragraph....


Consensual deals or abrogation of unresolved CBAs is necessary to AMR's successful reorganization so that the company can validate the assumptions in AMR's standalone business plan and continue to explore strategic alternatives in close collaboration with the Committee to compare against the standalone plan.



Sounds like they are losing their patience to me.

 

[Mach85ER]

Respectfully E, you're channeling Miss Cleo if you base your position on press release.

 

[BoeingBoy]

Sounds like they are losing their patience to me.

They are - they're losing their patience for getting new labor contracts. Those are really the only thing standing in the way of coming up with a POR. I said months ago that AA faced deadlines and couldn't wait however how long it took to get consensual deals. The UCC is well aware of the deadlines and has the same concerns. There's no way for it to evaluate a stand alone plan, which includes labor cost, or compare it with any other offer without having labor costs pinned down.

Jim

 

[777 / 767 / 757 Love]

What is said publicly and what happens privately behind the scenes are two different things entirely.

My sources are people at APA who have direct contact with non-labor UCC members. Who is your source?

I have sources at the Kremlin, White House, and the Vatican.....who tell me they all prefer chocolate to vanilla.

Cheers,
777 / 767 / 757