spacewaitress
Senior
- Aug 27, 2002
- 468
- 0
Your leadership reminds me of AFA during our tumultuous ''96 contract...more than a little collusion going on!
Still, good luck to you all.
Still, good luck to you all.
AMR and Its Unions Announce That Flight Attendants Will Continue Ratification Vote
- Thread starter spacewaitress
- Start date
While I am of the opinion that the flight attendants who voted before the "sweetener" was added should have been allowed to change their votes, the way this "voting extension" is being handled positively reeks. It smacks (justifiably or not) of every sort of collusion, fraud, etc.
No matter which way it ends up going, the stench of this will taint both management/workgroup and workgroup/workgroup relations for a long time. Ugh.
But, if I may play pseudo-Tim Russert for a moment...
******************************************
* Flight Attendants *
* Flight Attendants *
* Flight Attendants *
******************************************
(See, it''s supposed to be a little dry-erase board. Get it? )
TANSTAAFL
No matter which way it ends up going, the stench of this will taint both management/workgroup and workgroup/workgroup relations for a long time. Ugh.
But, if I may play pseudo-Tim Russert for a moment...
******************************************
* Flight Attendants *
* Flight Attendants *
* Flight Attendants *
******************************************
(See, it''s supposed to be a little dry-erase board. Get it? )
TANSTAAFL
FORT WORTH, Texas, April 15 /PRNewswire-FirstCall/ -- The three unions of American Airlines endorsed an agreement between the company and the Association of Professional Flight Attendants to allow the APFA to continue their balloting process until 5 p.m. CDT Wednesday, April 16.
APFA members will also be able to change their votes until balloting closes -- an option other union members had throughout their ratification periods. Any votes not changed will be counted as they currently stand.
The decision came in light of the vote to ratify agreements by the members of both the Allied Pilots Association and the Transport Workers Union -- representing the majority of American''s union workforce. The APFA is the only union that has not yet ratified its agreement.
The company set the April 15 deadline for ratification because it had a substantial amount of loan repayments due. In order to be able to extend the deadline, the company announced that it will immediately make millions of dollars in scheduled debt payments due today as part of its ongoing commitment to preserve jobs and avoid bankruptcy.
With almost 10,000 jobs hanging in the balance, and the future of 100,000 employees at stake, we agreed to take this risk and make this investment for our employees because we believe that all employees will be better off if we can save jobs and restructure our costs consensually rather than through the bankruptcy process, AMR Chairman Don Carty said. This is our last chance to avoid bankruptcy.
Carty explained that, with another round of loan payments due tomorrow, the company must have consensual agreements in place.
So that there is absolutely no confusion or uncertainty, I must make completely clear that if we fail to secure flight attendant ratification by tomorrow, we are -- regrettably -- left with no alternative but to immediately file for bankruptcy, Carty said.
The company is working with all of its employees to secure $1.8 billion in annual structural savings necessary to help the company avert bankruptcy and best protect the interests of employees, shareholders, lenders and all of the communities served by American Airlines.
Unless all three unions ratify the tentative agreements, AMR (NYSE: AMR - News) will be forced to file for Chapter 11 protection. In bankruptcy, the company would need to secure an additional $500 million in employee cost savings and further reduce capacity, costing thousands of additional jobs.
APFA members will also be able to change their votes until balloting closes -- an option other union members had throughout their ratification periods. Any votes not changed will be counted as they currently stand.
The decision came in light of the vote to ratify agreements by the members of both the Allied Pilots Association and the Transport Workers Union -- representing the majority of American''s union workforce. The APFA is the only union that has not yet ratified its agreement.
The company set the April 15 deadline for ratification because it had a substantial amount of loan repayments due. In order to be able to extend the deadline, the company announced that it will immediately make millions of dollars in scheduled debt payments due today as part of its ongoing commitment to preserve jobs and avoid bankruptcy.
With almost 10,000 jobs hanging in the balance, and the future of 100,000 employees at stake, we agreed to take this risk and make this investment for our employees because we believe that all employees will be better off if we can save jobs and restructure our costs consensually rather than through the bankruptcy process, AMR Chairman Don Carty said. This is our last chance to avoid bankruptcy.
Carty explained that, with another round of loan payments due tomorrow, the company must have consensual agreements in place.
So that there is absolutely no confusion or uncertainty, I must make completely clear that if we fail to secure flight attendant ratification by tomorrow, we are -- regrettably -- left with no alternative but to immediately file for bankruptcy, Carty said.
The company is working with all of its employees to secure $1.8 billion in annual structural savings necessary to help the company avert bankruptcy and best protect the interests of employees, shareholders, lenders and all of the communities served by American Airlines.
Unless all three unions ratify the tentative agreements, AMR (NYSE: AMR - News) will be forced to file for Chapter 11 protection. In bankruptcy, the company would need to secure an additional $500 million in employee cost savings and further reduce capacity, costing thousands of additional jobs.
Earlier this month, American Airlines contended that it was sticking to a rigid schedule in possibly filing for potential bankruptcy, and wouldn’t allow internal debates among union groups to affect its business plans.
"We didn''t want to set any false deadlines in this process," said Jeff Brundage, vice president for policy and employee relations at American in an interview last month. "We saw that happening at other airlines and saw it wasn''t productive."
Still, the fact that American Airlines hadn’t filed bankruptcy as of late Tuesday - despite its earlier strong hints that it would so - could portend the company’s willingness to wait for flight attendants to reconsider their collective decision.
"We didn''t want to set any false deadlines in this process," said Jeff Brundage, vice president for policy and employee relations at American in an interview last month. "We saw that happening at other airlines and saw it wasn''t productive."
Still, the fact that American Airlines hadn’t filed bankruptcy as of late Tuesday - despite its earlier strong hints that it would so - could portend the company’s willingness to wait for flight attendants to reconsider their collective decision.
willnotworkforfree
Advanced
- Aug 29, 2002
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How many times will YOU have to vote till THEY get it right.
Oliver Stone''s Apprentice
Veteran
- Aug 19, 2002
- 786
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If nothing else, extending the deadline disproves (temporarily) the notion that AMR intended to file Ch.11 regardless of the vote outcome.
TWAnr
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- Aug 19, 2002
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On 4/15/2003 5:36:59 PM eolesen wrote:
If nothing else, extending the deadline disproves (temporarily) the notion that AMR intended to file Ch.11 regardless of the vote outcome.
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My take on it is that the members of the APFA called the company''s bluff but John Ward and a majority of his board of directors do not realize it. A better concessionary contract can be negotiated.On 4/15/2003 5:36:59 PM eolesen wrote:
If nothing else, extending the deadline disproves (temporarily) the notion that AMR intended to file Ch.11 regardless of the vote outcome.
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On 4/15/2003 5:36:59 PM eolesen wrote:
If nothing else, extending the deadline disproves (temporarily) the notion that AMR intended to file Ch.11 regardless of the vote outcome.
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Exactly. And today''s payments of debt service (and more on Wednesday) also disproves that management wants to file Ch. 11.On 4/15/2003 5:36:59 PM eolesen wrote:
If nothing else, extending the deadline disproves (temporarily) the notion that AMR intended to file Ch.11 regardless of the vote outcome.
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http://biz.yahoo.com/djus/030415/1748001337_1.html
But some don''t want to hear facts - they just want some revenge or to "make a statement." How sad.
