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Bankruptcy Judge Eugene Wedoff said several aspects of the proposed agreement would "unduly tilt the bankruptcy process," including the requirement that other unions' pension plans also be terminated.
Wedoff said he hopes the company and pilots can craft a contract based on the previous one, but he warned that he would also reject any future agreement that was tied to the elimination of other unions' pensions, saying those should be considered on their own merits.
"I come to this decision with extraordinary reluctance," Wedoff said, citing the pilots' efforts to craft an agreement and the sacrifices they have already made.
UAL_TECH said:
Fly said:I bet it's a backdoor deal. United WANTS us to all lose our pensions AND contracts. This gives the Judge the opportunity to throw out ALL contracts this afternoon. (but they waited to let the pilots alienate themselves from the rest of the employees first)
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The decision was a disappointment for United, spokeswoman Jean Medina said.
"We think we had an agreement that was fair and equitable," Medina said. "But as the judge indicated, we're going to sit back down at the table."
UAL_TECH said:Now what?
[post="236703"][/post]
kcabpilot said:Glenn goes in front of the judge and reads the 'perfect storm' sob story (again), we all take pay and benefits cuts, management blows the savings on bonuses, 'success' sharing and high priced consultant fees to come up with yet another 'business' plan that maximizes their need for yet another salvo of mangement produced PowerPoint presentations chock full of colorful bar and scatter charts detailing how they really need one more round of givebacks.
Does that sound about right?
[post="236742"][/post]
<_< Well princess! At least your honest about it!!!!!!!PRINCESS KIDAGAKASH said:Thanks ALPA! You just made sure everybody in the industry loses their pension. Nice move,volunteering to give it up. Th PBGC was only happy to oblige your wishes, and now this Judge will help UAL management flush the rest. Of course, I know those people over at U.S. Air deserve some credit for voting YES for over two years straight and we over here at TWU SCABLAND(AA) acknowledge that we are the concession leaders.
[post="236752"][/post]
While we intend to meet with the Company over the next few days to explore the consequences of the judge's decision, there can be no assurance that the parties will reach another settlement. In addition, any further agreements with United on this matter will be subject to review and decision by the full United Master Executive Council and, in all likelihood, to an additional membership ratification vote.
During the trial, scheduled to begin Friday, the airline would present reasons for its request for permission to terminate contracts with the two unions. Those unions are the only ones that haven't yet reached consensual agreements to cut contract costs.
UAL_TECH said:That should read ‘three unions’ now.
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