scorpion 2
Veteran
- May 11, 2012
- 539
- 562
They even went as far as drawing up a (Bankruptcy Protection) Letter of Agreement with the company. It gave conditional protection to our concessionary contract and full protection to our stock options if BK was filed. That LOA never saw the light of day during BK proceedings though!Bob Owens said:
He calls 2/3rds of the members "know nothings" when in fact the members were given more information than ever before. They had the International and the Company selling it and they had the Presidents they elected telling them whats wrong with it. The members were fully aware of what they rejected, a ZERO cost contract, improvements in pay were paid for with concessions in benefits and work rules, what the members and those who recommended the NO vote could not have known, since there was no precedent in history, was that after rejecting it the International had ZERO intention of moving on to the next step in the process that workers in this industry have followed for 75 years, in fact they blocked moving on to the next step even into BK nearly 18 months AFTER the members rejected the TA. Had the International informed the NMB in August of 2010 that we needed to move on to the next step we most likely would have had a PEB crafted agreement which, based on historical records, would have included retro and brought us up to industry standards by December of 2010.
The fact is the NO vote didn't screw us, it stopped us from agreeing to a zero cost agreement, the International screwed us by not bringing the process forward.
Lets look at this from the company position, the other work groups on the property, including other TWU groups had good cause to keep kicking the can down the road till BK, they were ahead of most of the industry at that time. As the Economist Tom Roth said "You are better off going into BK fat than skinny". (The opposite of what Jim Little and Sonny Hall said in 2003 when they told us that we needed to give concessions prior to BK which they said was "inevitable") The company refused to give any of us anything other than a ZERO cost contract because all the other groups on the property were in negotiations and all of them were industry leading either in wages, work rules or both. So going into a PEB with the mechanics would not have been a bad thing for the company on the whole, what they gave up with the mechanics, which would have made them pay industry standard, and allowed them to hold on to and attract qualified replacements necessary for the operation would have been offset by what they gained from the other work groups that had them above industry standard, primarily work rules such as Scope. Sure AA would have had an argument as far as mechanics Scope as well, but they ended up getting that in BK anyway.