No Bob, concessions werent agreed to when US filed in August of 2002, they IAM and US held talks, no progress was made, US came into negotiations on a Sunday, said here take it or leave it and filed Chapter 11 that afternoon.
We voted on the final offer and rejected it, only to vote on it again after Siegel threatened Section 1113 C and to hold his own vote, the International stepped in as Dave Siegel the CEO at the time sent letters to all our houses. Roach agreed to vote it again and it passed, that decision I didnt agree with and I voted NO. Then right before X-Mas of 2002 COB David Bronner threatened to shut US down so more concessions were agreed too.
They are asking for a 7% raise time of signing, pension increase to $104 multiplier which would be a $2 an hour, the extra week of vacation, full pay for sick time regardless of your bank, increase in scope protections, increase in license pay and the restoration of shift differential. Top out would be around $38 an hour, seeking a two year bridge agreement then go into JCBA once Section 6 negotiations are finalized and a new CBA is agreed too.
Do you not understand that the CBA was abrogated in February of 2005, there was no agreement reached.
Some improvement were gotten in 2008 Transition Agreement, and been in Section 6 for almost three years and the board wont release the IAM, so matters are being taken into the members' hands.