Whine, whine, whine.
You guys can either vote to cut your pay or you can watch the bankruptcy court do it.
Sure, you could go on strike, and watch AA fold and liquidate.
Then you could start all over at the bottom of some other company''s seniority pile - if anyone hires you.
Has it occurred to you that if you agree to the concessions now, and a year or two later AA is highly profitable, that you could demand some of the pie (and strike if you''re told "NO")??
On the other hand, your fate is sealed if you veto the concessions. AA will file Chapter 11, languish in a protracted attempt to restructure, the bankruptcy court will cut your pay (probably more like 50%), and life will really suck.
I forgot, of course, that the executives are hiding the billions of cash right now and will split it up as soon as you vote "YES" on the TAs.
You guys can either vote to cut your pay or you can watch the bankruptcy court do it.
Sure, you could go on strike, and watch AA fold and liquidate.
Then you could start all over at the bottom of some other company''s seniority pile - if anyone hires you.
Has it occurred to you that if you agree to the concessions now, and a year or two later AA is highly profitable, that you could demand some of the pie (and strike if you''re told "NO")??
On the other hand, your fate is sealed if you veto the concessions. AA will file Chapter 11, languish in a protracted attempt to restructure, the bankruptcy court will cut your pay (probably more like 50%), and life will really suck.
I forgot, of course, that the executives are hiding the billions of cash right now and will split it up as soon as you vote "YES" on the TAs.