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1167 of the BK code states that even in Bankruptcy labor contracts covered under the Railway Labor Act can not be abrogated in Bankruptcy, they have to follow the RLA, however in another clause they excluded airlines from this provision.
Did Bob not say that?Section 1167 only applies to railroads, not airlines, go ask Sharon Levine.
In other airline bankruptcies, has there been any incentive for workgroups to reach agreement with the company prior to a motion to abrogate?
In other words, if you vote no, and the company successfully abrogates the contract, would you be any worse off?
If you compare UA's rejected t/a along with Wedoff's 9.8% temporary wage cut in January of 05 with the accepted t/a it appears the furniture was just rearranged so no, we may not be better off.
In 2005 they get agreements from their mechanics with more concessions, terminate the pensions and leave bk.
I still contend the UA mechanics were no better off voting no on the Jan. 2005 t/a and accepting the next. That was the question posed. How can AA mechanics expect a different outcome by voting no on whatever is brought to a vote?
Perhaps, but my question was whether airlines that abrogate the contracts ever impose terms that are worse than the ones they offered during 1113 negotiations?I still contend the UA mechanics were no better off voting no on the Jan. 2005 t/a and accepting the next. That was the question posed. How can AA mechanics expect a different outcome by voting no on whatever is brought to a vote?
Perhaps, but my question was whether airlines that abrogate the contracts ever impose terms that are worse than the ones they offered during 1113 negotiations?
Bob Owens wants to compare UA to AA in 2003 and assign blame for industry-wide trends - a subject that's better suited for an ancient history class than the real-world issue facing AA's employees now: Whether there is any benefit to negotiating and agreeing to a revised agreement or whether it's better to flip the middle finger and wait for the company to abrogate the agreement. The NW FAs saw their contract abrogated; were the imposed terms any worse than the contract they voted down?
That appears to not matter because somehow "we are different".
The facts are simply in the way as far as some want to believe so facts are ignored.
Exactly. I think the plan was to get the prefunding with the T/A and then get the pension with BK. It is said our prefunding is protected by language from BK so it seems the only way they can get that is if we agree to give it back. I can picture the fat cats in a room at HDQ giving high fives and claiming total victory. I for one will vote to test the language and see if the prefunding is protected from BK. Just my opinion.Ok, who honestly believes if you voted the TA in, that AA would not have filed bankruptcy?
And do you actually believe if they did file that they wouldnt come after the Mechanic and Related?
If you answer yes to these questions, they you have no idea of how big business operates.
I believe only your contribution to prefunding is protected?Exactly. I think the plan was to get the prefunding with the T/A and then get the pension with BK. It is said our prefunding is protected by language from BK so it seems the only way they can get that is if we agree to give it back. I can picture the fat cats in a room at HDQ giving high fives and claiming total victory. I for one will vote to test the language and see if the prefunding is protected from BK. Just my opinion.
You may be right Buck, but there is no way to be sure unless we put it to the test. Supposedly lawyers came up with the language.I believe only your contribution to prefunding is protected?
Two separate accounts at JPmorgan,the only way they can get to it is if we volutarily give it up,the only question is if its terminated is if we get match or it goes intoYou may be right Buck, but there is no way to be sure unless we put it to the test. Supposedly lawyers came up with the language.
Exactly. I think the plan was to get the prefunding with the T/A and then get the pension with BK. It is said our prefunding is protected by language from BK so it seems the only way they can get that is if we agree to give it back. I can picture the fat cats in a room at HDQ giving high fives and claiming total victory. I for one will vote to test the language and see if the prefunding is protected from BK. Just my opinion.
TAKE ur Meds!Yeah that's it!
We gave up well over $10,000 in raises and signing bonus since T/A was voted down, to test and see if we keep the company match in prefunding which is worth less in value.
WE showed their asses didnt we?
Or was it our own asses that are showing now?
TAKE ur Meds!