TWU informer
Veteran
- Nov 4, 2003
- 7,550
- 3,731
The TWU did not save our pensions. The head of the PGBC did by filing liens against AA property. Do you have the guts to sign an enforceable contract with me that the TWU will indeed save the Tulsa Base? Because it appears to me TUL is going down under the TWU right now. You think the TWU is going to save Tulsa? Put it in writing and sign it. I personally think you are full of crap.When I posted last night I knew the sharks would swarm. I didn’t expect the utter nonsense I got in response. The point was simple – AMFA and TWU both dealt with a second round of concession demands from a bankrupt company dealing with hundreds of millions of dollars in losses caused by mismanagement. Both companies used the bankruptcy laws to their advantage. Given all the chatter on this board about how militant and tough AMFA is, I would have expected that it would have taken the path all the people on this board fault the TWU for not taking—that is, refused all concession demands, absorbed an abrogation, and waited to be released to strike. But, that is not what they did. Instead, Mr Delle Femine said “It’s a sad situation that we have to bear the brunt of mismanagement. We had to accept it or let the judge do it. It was the lesser of two evils.” And, spin it any way you like, but the contract AMFA signed after those words was far worse than what the TWU just signed off on. To be fair, for all of their tough talk, the IBT also did not avoid concessions in bankruptcy and at Frontier, for example, signed off on a deal far worse than the TWU just negotiated.
As for termination of the pension, I applied the exact same standard to AMFA that they apply to the TWU. The UAL plan was terminated on AMFA’s watch, they made proposals for a new less expensive plan prior to termination, and they signed off on a contract in which the old plan did not snap back or was replaced by a plan of equal value. I don’t doubt that it was inevitable that the government and the court were going to terminate the existing DB plans for all UAL employees, just as it was inevitable that the Bankruptcy Court handling AA was going to authorize it to impose a freeze on all its DB plans.
One other thing. AMFA negotiated a 5% defined pension contribution in its 2005 Agreement. The United pilots negotiated a 15% contribution to replace their terminated plan and within two years upped the contribution to 16%. And another thing --- people can spin anyway they like, but if the TWU dies as the mechanic and related representative at AA Tulsa will die with it. No ifs ands or buts. Anyone who believes otherwise is not reading this board or paying attention to what has gone on in the industry for the last ten years.
In Solidarity,
CIO