AC AA LA FA
Veteran
Point of order... AMR did avoid bankruptcy, and the employees were definitely a key part of that, but they were not the only reason.
Vendors and creditors agreed to cuts that were equal to those of the employees. Management also made changes which cut expenses and capital spending.
You can rightly give employees some of the credit, but not all the credit.
And no, I don't give exec management any of the credit. The ideas on where to cut spending came from the L3-L6 managers. The L8's and above just took the credit.
Point of Clarification...
..that as just the beginning and hardly the ideas that kept AMR out of the BK Court. Much, much more came for the collaboration and cooperation from all labor on the property through the JBT/JLT etc programs. Restructuring only kept us out of the woods for so long. By 2005 we were back on the brink, as we were told and the ideas that kept this company solvent came from the shop floor, not the 6th floor...or any floor at CP...
When it came time to share our rewards then...only 700 or so took part.