TWU says NO! - Carty Pension Valued at 900K Annually

WingNaPrayer

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Aug 20, 2002
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The union that represents 35,000 American Airlines ground staff said Thursday it would not sign a deal to help save the ailing air carrier after finding out about a special arrangement that would preserve some top executives’ pensions even if the airline went bankrupt. The decision could force the airline to file for bankruptcy, which it had threatened to do earlier in the week if its unions did not agree to deep wage concessions.

http://www.msnbc.com/news/901793.asp?0cv=CA00

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FWAAA

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Jan 5, 2003
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On 4/18/2003 8:35:19 AM WingNaPrayer wrote:


The union that represents 35,000 American Airlines ground staff said Thursday it would not sign a deal to help save the ailing air carrier after finding out about a special arrangement that would preserve some top executives’ pensions even if the airline went bankrupt. The decision could force the airline to file for bankruptcy, which it had threatened to do earlier in the week if its unions did not agree to deep wage concessions.

http://www.msnbc.com/news/901793.asp?0cv=CA00

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How nice. "The executives lied to us, so we''re gonna torch this place."
 

FibberMcGee

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Aug 20, 2002
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On 4/18/2003 8:35:19 AM WingNaPrayer wrote:


The union that represents 35,000 American Airlines ground staff said Thursday it would not sign a deal to help save the ailing air carrier after finding out about a special arrangement that would preserve some top executives’ pensions even if the airline went bankrupt. The decision could force the airline to file for bankruptcy, which it had threatened to do earlier in the week if its unions did not agree to deep wage concessions.

http://www.msnbc.com/news/901793.asp?0cv=CA00

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How nice. "The executives lied to us, so we''re gonna torch this place."

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You''re right. Put the company in bankruptcy, put more of our fellow workers out of a job and the execs still are protected. Yeah, that''ll teach ''em!
 

ITRADE

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I am not a big fan of the airline work groups, but I really can''t blame the groups in this instance.

What the execs did was absolutely stupid and showed a degree of callousness that simply will be found detestible by more than simply the rank and file union members.
 

AAONO

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Fibber, The company is headed for bankruptcy regardless. Face reality and update your resume.
 

Bob Owens

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Sep 9, 2002
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On 4/18/2003 11:43:15 AM ITRADE wrote:



I am not a big fan of the airline work groups, but I really can't blame the groups in this instance.

What the execs did was absolutely stupid and showed a degree of callousness that simply will be found detestible by more than simply the rank and file union members.



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Now you know what we are dealing with. This is not the first time that stuff like this has happened. Its consistant in this industry and it is the primary reason why labor relations relations become stormy. If you look at the facts you will see that over the last twenty years employees have consistantly given concessions, only to see executives hoard the returns for themselves. Profit sharing programs are a joke and never come close to earning back what was given. The only ones that have made out in this industry are the executives. The fact is that airline employees tend to be extremely loyal to the airline they work for and have a long term interest in the company.
The mechanics offered the company a 25% pay cut for one year. In a years time we would renegotiate a new deal. We felt that was more than fair since in the late 90s we were forced to work second and third jobs to get by because the company refused to reopen the six year concessionary deal they got in 95, despite the fact that they were making record profits and they decieved us with a "Me Too" clause that was linked to the Pilots. The company rejected the offer and demanded a nearly complete gutting of our contract. Many of the concessions they got appear to be almost out of spite. Most reasonable people realize that working odd shifts presents personal sacrifice and that a premium is warranted. They eliminated that. Even many non-union companies in other industries pay a percentage based premium.
Leaving one company for another in this industry is not the answer. It makes more sense to try and change management. Such a change is due. Chapter 11 reorganization is making more sense by the minute.