C
chipmunn
Guest
As Lakeguy67 said, So far US Airways is batting 100% in having every motion they have filed granted to them.
If either the CWA or IAM-M restructuring agreement is not ratified the company will ask Judge Mitchell to terminate any union contract that has not been voluntarily restructured. If this occurs the company will be free to impose deeper cuts in pay, work rules, and benefits. Considering the court has approved every US motion, this is a strong indicator the unions will not win their claim while working for a bankrupt company.
Therefore, a no vote is extremely likely a vote for deeper cuts in pay and benefits, but the company may never make it through the S.1113 hearing.
Instead it just could push the creditors committee to petition the court for an immediate liquidation of the company.
If you want the company to impose deeper cuts or the business entity to liquidate, vote no. There are no options for Siegel, but to cancel any union contract that does not have a ratified restructuring agreement in hopes of staving off liquidation.
Chip
If either the CWA or IAM-M restructuring agreement is not ratified the company will ask Judge Mitchell to terminate any union contract that has not been voluntarily restructured. If this occurs the company will be free to impose deeper cuts in pay, work rules, and benefits. Considering the court has approved every US motion, this is a strong indicator the unions will not win their claim while working for a bankrupt company.
Therefore, a no vote is extremely likely a vote for deeper cuts in pay and benefits, but the company may never make it through the S.1113 hearing.
Instead it just could push the creditors committee to petition the court for an immediate liquidation of the company.
If you want the company to impose deeper cuts or the business entity to liquidate, vote no. There are no options for Siegel, but to cancel any union contract that does not have a ratified restructuring agreement in hopes of staving off liquidation.
Chip