No he is not right on the money, he calls them union bosses and then tries for the third time to start his own union and appoints himself to the director's position.
Then he posts wrong information.
The IAMAW, both DL141 and 141M received the $1.25 million which was then paid to the financial advisor's, lawyers and to cover the expenses of negotiating concessions, just like AFA, ALPA, TWU and CWA received the same expense reimbursement.
The IAM had me-too clauses, just like AFA, CWA and ALPA, and since ALPA and the AFA got concessionary agreements first, and got MDA recognition and board seats the IAM got the same.
Now you complain about having a pensions? Your group lost its pension in 1992, and complained about it and now that you got a very good pension you complain about it? The IAM pension fund is a separate entity from the union, it is run half by the employers that pay into it and half by the IAM, it has nothing to do with the general operation of the IAM, but once again you post what you want and not the truth.
http://www.iamnpf.org/npf/pages/main_page/index.htm
Third the company was in Bankruptcy and the contracts would have been abrogated if the second vote did not occur, abrogation, no contract, no work rules, company free to impose any conditions they want. If you don't believe me, go look up at what happened to the IAM members at UAL when they first went into bankruptcy, there was no agreement reached by the mechanic and related, UAL files a section 1114 motion and asked the court to impose a 13% pay cut, the
pay cut was imposed but the judge decided to make it 14%! That is FACT!
So Tim, why don't you post the what REALLY happened and not YOUR version of it?
Learn this about bankruptcy:
Sharon Levine went over all the procedures and steps in the bankruptcy codes. One item she covered in depth is the 1113 letter, which refers to the section of code that ensures that a company negotiates with the union before they seek abrogation of the labor agreement. When a company seeks protection, the agreement remains in effect. When a union negotiates an 1113 letter it secures an agreement with the company showing that the company will not seek further cuts from labor. To this date, no company that has had an 1113 letter negotiated has ever asked the court to abrogate it.
Companies that request abrogation of the labor agreement but it must meet the following nine (9) distinct requirements:
1. The debtor in possession must have made a proposal to the union.
2. The proposal must be based upon the most complete and reliable information available at the time of the proposal.
3. The modification must be necessary to permit reorganization.
4. The modification must provide that all affected parties be treated fairly and equitably.
5. The debtor must provide the union with such relevant information as is necessary to evaluate the proposal.
6. The debtor must have met with the collective bargaining representative at the reasonable times subsequent to making the proposal.
7. The debtor must have negotiated with the union concerning the proposal in good faith.
8. The union must have refused to accept the proposal with good cause.
9. The balance of the equities must clearly favor rejection of the agreement.
Levine also noted that bankruptcy is not the preferred course for your contract.