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tWU Website is updated....nothing new... :down:
TWU negotiations.........what?
- Thread starter Chuck Schalk
- Start date
OP
Chuck Schalk
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- Nov 17, 2006
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- #362
Sounds like the 2003 negotiations, The TWU to the rescue.....of the company!
What was that famous quote by TWU VP Dennis Burchette; Something about putting their hands in someone's pocket......oh yeah, that will be the TWU members again!!
Fuel costs could cut union demands on American
> Airlines By TREBOR BANSTETTER
> Star-Telegram Staff Writer
>
> PHOENIX -- Skyrocketing oil prices may cause a
> "seismic shift" in the
> airline industry that could affect ongoing labor
> talks, a top union official
> said Thursday.
>
> "Look, we're at $100 crude," said John Conley,
> air-transport division
> director at the Transport Workers Union, which
> represents ground workers at
> American Airlines as well as some employees at
> American Eagle, Southwest
> Airlines and other carriers. "I don't know that it
> bodes well for us being
> as successful [in negotiating new contracts] as we
> had once hoped."
>
> Conley appeared on a panel at the International
> Aviation Symposium in
What was that famous quote by TWU VP Dennis Burchette; Something about putting their hands in someone's pocket......oh yeah, that will be the TWU members again!!
Fuel costs could cut union demands on American
> Airlines By TREBOR BANSTETTER
> Star-Telegram Staff Writer
>
> PHOENIX -- Skyrocketing oil prices may cause a
> "seismic shift" in the
> airline industry that could affect ongoing labor
> talks, a top union official
> said Thursday.
>
> "Look, we're at $100 crude," said John Conley,
> air-transport division
> director at the Transport Workers Union, which
> represents ground workers at
> American Airlines as well as some employees at
> American Eagle, Southwest
> Airlines and other carriers. "I don't know that it
> bodes well for us being
> as successful [in negotiating new contracts] as we
> had once hoped."
>
> Conley appeared on a panel at the International
> Aviation Symposium in
OP
Chuck Schalk
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- #363
I am concerned about AA stating the need to reduce capacity. This sends a red flag to all the people who are being recalled and what the intent might be after the summer season is over. What protection do they have and what assurance will the TWU provide in this matter?
OP
Chuck Schalk
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- Nov 17, 2006
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- #364
The TWU playbook......Lets submit full snap back as a proposal to the company and then let the ATD director state 2 weeks later that the price of oil will affect our negotiations. Then start the fear campaign of the company wants our retiree medical, pension and then of course jobs.....BOO factors 1,2 and 3. The final kicker is Jim Little stating that negotiations are going nowhere. When were the negotiations ever going anywhere?
S&P Cuts AMR Debt Rating
Standard & Poor's Ratings Services has lowered its ratings outlook for American Airlines Inc. and its parent, AMR Corp., due to rocketing fuel prices and a weaker U.S. economy.
The ratings agency cut its long-term ratings on AMR (NYSE: AMR) and American to "negative" from "positive." S&P also lowered its short-term rating on AMR to "B-3" from "B-2" but affirmed all other ratings on AMR and American Airlines.
"The outlook revision and short-term rating downgrade are based on the expected impact of much higher jet fuel prices and a weakening U.S. economy, which we believe will cause AMR to report a loss this year," said S&P analyst Philip Baggaley, according to The Associated Press.
Analysts polled by Thomson Financial expect the company to lose $438.1 million, or $3.37 a share, in 2008, on revenue of $23.58 billion. In 2007, AMR earned $504 million, or $1.78 a share, with revenue totaling $22.94 billion.
"AMR's earnings, cash flow, and credit protection measures are likely to be materially lower in 2008 than last year, though the company continues to have adequate liquidity and projects $4.4 billion of unrestricted cash and short-term investments at March 31, 2008," Baggaley said.
AMR said in a filing with the Securities and Exchange Commission earlier Monday that it expects to spend about $9.3 billion on jet fuel this year, about $1 billion more than it had previously expected. It expects to end the first quarter with a cash and short-term investment balance of $4.8 billion..."
______________________________________________________________________
_____
S&P reduces the value of AMR debt while both AMR and TWU have refused to request a review by the PBGC of the claimed status of AMR DBP Pension Obligations versus the PBGC estimate of what an assumption of those DBPs' would be calculated on PBGC terms.
Interesting...
Meanwhile, there has been "little" to no discussion of securitization of any TWU M&E CBA against future promises from AMR to the TWU that would create a climate of trust based on the delivery of BILLIONS of dollars in reduced costs and increased revenue delivered by TWU M&E Workers.
If the TWU refuses to securitize the promises delivered versus promises made on the basis of what TWU M&E workers accomplish: it will go to the bottom line and be taken in CBAs' of every Union on the property of AMR.
Standard & Poor's Ratings Services has lowered its ratings outlook for American Airlines Inc. and its parent, AMR Corp., due to rocketing fuel prices and a weaker U.S. economy.
The ratings agency cut its long-term ratings on AMR (NYSE: AMR) and American to "negative" from "positive." S&P also lowered its short-term rating on AMR to "B-3" from "B-2" but affirmed all other ratings on AMR and American Airlines.
"The outlook revision and short-term rating downgrade are based on the expected impact of much higher jet fuel prices and a weakening U.S. economy, which we believe will cause AMR to report a loss this year," said S&P analyst Philip Baggaley, according to The Associated Press.
Analysts polled by Thomson Financial expect the company to lose $438.1 million, or $3.37 a share, in 2008, on revenue of $23.58 billion. In 2007, AMR earned $504 million, or $1.78 a share, with revenue totaling $22.94 billion.
"AMR's earnings, cash flow, and credit protection measures are likely to be materially lower in 2008 than last year, though the company continues to have adequate liquidity and projects $4.4 billion of unrestricted cash and short-term investments at March 31, 2008," Baggaley said.
AMR said in a filing with the Securities and Exchange Commission earlier Monday that it expects to spend about $9.3 billion on jet fuel this year, about $1 billion more than it had previously expected. It expects to end the first quarter with a cash and short-term investment balance of $4.8 billion..."
______________________________________________________________________
_____
S&P reduces the value of AMR debt while both AMR and TWU have refused to request a review by the PBGC of the claimed status of AMR DBP Pension Obligations versus the PBGC estimate of what an assumption of those DBPs' would be calculated on PBGC terms.
Interesting...
Meanwhile, there has been "little" to no discussion of securitization of any TWU M&E CBA against future promises from AMR to the TWU that would create a climate of trust based on the delivery of BILLIONS of dollars in reduced costs and increased revenue delivered by TWU M&E Workers.
If the TWU refuses to securitize the promises delivered versus promises made on the basis of what TWU M&E workers accomplish: it will go to the bottom line and be taken in CBAs' of every Union on the property of AMR.
OP
Chuck Schalk
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- #366
here comes the bankruptcy card again by AA with support from the TWU. Watch for the bankruptcy languauge in our TWU contract proposal. This will solidify our position with the company!
local 12 proud
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Its as plain as the nose on your face whats coming down the pike! :down:
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Chuck Schalk
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- #368
I have to tell you that I always said if the TWU did something good I would say so. The ad in the dallas newspaper was a good one and gives a good opinion on the executive bonuses.
With that said, It is difficult to understand a self proclaimed company union who has supported the company since 2003( PLI,JLT...etc) can switch hats so quickly as to make me believe they are willing to fight the company like the pilots. Is this just hot air to cool off the membership? This remains to be seen and if history repeats itself, nothing else will happen except for the TWU to keep pointing at an ad in a newspaper and say look what we did. Watch for the company to give the TWU a surprise package proposal for us to review!
Be aware and leary of any bankruptcy language that is inserted in any proposals.
Just my opinion, thanks for reading this
With that said, It is difficult to understand a self proclaimed company union who has supported the company since 2003( PLI,JLT...etc) can switch hats so quickly as to make me believe they are willing to fight the company like the pilots. Is this just hot air to cool off the membership? This remains to be seen and if history repeats itself, nothing else will happen except for the TWU to keep pointing at an ad in a newspaper and say look what we did. Watch for the company to give the TWU a surprise package proposal for us to review!
Be aware and leary of any bankruptcy language that is inserted in any proposals.
Just my opinion, thanks for reading this
OP
Chuck Schalk
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This post is very interesting isn't it?
nbmcg01
View Member Profile Today, 04:01 PM Post #27
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My guess is that htis round of negotiations will bring about a frozen defined benefit plan for existing employees, 401K for new hires, and an age weighted 401K to replace the defined benefit plan for current.
nbmcg01
View Member Profile Today, 04:01 PM Post #27
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Group: Registered Member
Posts: 728
Joined: 6-September 04
Member No.: 5,188
My guess is that htis round of negotiations will bring about a frozen defined benefit plan for existing employees, 401K for new hires, and an age weighted 401K to replace the defined benefit plan for current.
MCI transplant
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- Jun 4, 2003
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- #371
<_< ------ Let me throw something out there. I know this will be controversial, but I'm curious to the reaction! ------ O.K. What would you think of this? A two year freeze in pay and benefits, but at the end of that period, full restoration of the 2003 contract, (snap back clause) plus, an across the board, ten per cent increase, in pay, and benefits!???
First off it would be the 2001 contract you want restored, they will gladly restore the 2003er for as long as we want. <_<
Problem with your proposal is: 1) we need relief now, and 2) who says they don't file BK after the 2 years and just walk away from the deal. In addition, the problems within the airline industry as we are led to believe is overcapacity, combined with high fuel costs. The overcapacity has an outside shot of going away within 2 years, but the fuel costs don't appear to be dropping anytime soon. I personally have no desire to offset the increased fuel costs that should be passed along to the passengers for yet another 2 years; 5 years of subsidizing trips to Disney World for the flying public is enough.
TIME FOR CHANGE
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After that statement I dont know what to do first
Kick you in the balls or smack you in the head
MCI transplant
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<_< ------ Not the balls please! I still have need of them! :blink:------ The reason I posted this was that I feel our glorious Union, and Co., will try to bring back something akin to this! Your reaction, is what I feel will be typical!----- It will get interesting!After that statement I dont know what to do first
Kick you in the balls or smack you in the head
Joe Patroni
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- Jan 31, 2008
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No question things will get interesting. In fact, I doubt there will be any changes in the proposal. All the company and union are going to do is change the date on the current contract and then announce that it is the best contract in years. Oh yeah, hurry and approve it before the company changes its mind.
