TWU negotiations.........what?
- Thread starter Chuck Schalk
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Chuck Schalk
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Nothing is going to happen till later this year in regards to the contract. Get reay for the doom and gloom from the company and the bankruptcy education from the TWU.
Due to your position within the TWU, I would think that your word has some weight. Is this fact or your educated guess? I see that there is no mediation scheduled. Do you know if or when any future talks will take place? Does the upcoming One world Alliance with BA have any bearing on our negotiations? Thanks.
T
The Goose
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Let 'em file ...
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Chuck Schalk
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I speak from a stand point of past history and educated predicting. I have no inside information to my statments but feel strongly on the direction. The Executive bonus battle cry has run it's course in my opinion and has little or no effect to continue as a headliner for negotiations. The reason unions are down to 10% in this country is due to poor contracts and weak contract language not Executive bonuses which have been in place since 1998. The draw to unions was superior wages and benefits and unionism will continue to decline until that changes. The TWU should focus on the members to buld unionism.
There are no mediated talks scheduled that I'm aware of but regular talks can, and have continued, but only with Sub-committees.
The mediator instructed the company to have an answer to the company's comprehensive proposal at the next session but the parties still have to come to agreements over the other open articles (such as 12)that were not included in the comprehensive proposal put forth in June.
TWU informer
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In the End we get something like this with the TWU.
Gains
Early Out Retirement - 3 and 3
4% raises in two years of a 4 year contract.
2-3 Holidays gained back
Full Sick Pay Returned
Increase 7 day Annual Sick Bank
3 Days of personal floating vacation
Increase in Line, Crew Chief and Inspector Pay rate
New Profit Sharing Formula
Losses
Retirement Medical no longer provided by Company - TWU will sell you some instead
Changes in ASM for American Eagle
New Hires under a different pay/benefit package
Transfers and Crew Chief Bidding/Selection changed
7 Day coverage at overhaul bases
Relaxed Outsourcing Restrictions
Gains
Early Out Retirement - 3 and 3
4% raises in two years of a 4 year contract.
2-3 Holidays gained back
Full Sick Pay Returned
Increase 7 day Annual Sick Bank
3 Days of personal floating vacation
Increase in Line, Crew Chief and Inspector Pay rate
New Profit Sharing Formula
Losses
Retirement Medical no longer provided by Company - TWU will sell you some instead
Changes in ASM for American Eagle
New Hires under a different pay/benefit package
Transfers and Crew Chief Bidding/Selection changed
7 Day coverage at overhaul bases
Relaxed Outsourcing Restrictions
FrequentFlierCA
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Goose, how does this benefit you or your fellow employees? Seems like you'd just have your wages reduced even further by order of the court, and some of the higher-paid retirees would lose part of their pension payments.
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Chuck Schalk
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although the company ripped our contract to shreds in 2003 and got almost everything they would have in bankruptcy, they will go after the rest this time around. Completing to keep themselves competitive with the other bankrupt carriers. The only difference is that the company never gave up control of the company or the books.
TIME FOR CHANGE
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Goose, how does this benefit you or your fellow employees? Seems like you'd just have your wages reduced even further by order of the court, and some of the higher-paid retirees would lose part of their pension payments.
How does more concessions benefit us or my fellow employees.
We are tired of giving so "let em file"
How does more concessions benefit us or my fellow employees.
We are tired of giving so "let em file"
T
The Goose
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It's rather simple - the managing frat and board won't file. Both value control so highly they'll not take a chance of losing it to the courts.
Most of those I know, including some I never thought would say anything negative about AA, have had a bellyfull of the company's tactics against its supposed "most valuable asset". Most have figured out the TWU and company are in bed and have been for years. Most understand the union position of concessions for jobs as this keeps the dues coming in - God forbid Jim Little and cabal take it in the shorts as did the mechanics.
What will it accomplish? Nothing in the end - exactly what working with the company has accomplished.
Why all the concern on your part? You've already stated you're not a player as far as American is concerned. Are you acheiving some perverse sense of satisfaction by telling angry people they should be happy their employer is taking advantage of them, and to give even more?
Quite a few people thought that AA might file in order to dump the leases on the AB6s, but AA took care of that problem without bankruptcy. Filing Ch 11 would help AA dump the leases on the remaining leased MD-80s, but as with the AB6s, AA doesn't need bankruptcy to solve the MD-80 problem.
AA could attack the employees' wages again, but I don't see AA poking that hornet's nest.
The one looming problem that AA might not be able to handle is the pension funding. Unless the equity markets continue their dramatic recovery, AA has hundreds of millions of dollars of required minimum contributions due next year (despite having no required contributions this year). Just like with UA in 2002, such a huge demand on cash might tip AA into Ch 11. However, it's possible that AA takes a page from CO in solving that problem.
During the post-September 11 airline financial crisis, CO lacked the cash to fund its pensions, so it contributed blocks of XJT stock (its former regional subsidiary) to its pensions, which then sold the stock to the public. After CO had contributed most of the stock to the pensions, CO approached XJT about lowering the profit margin earned by XJT. Perhaps AA could do that with Eagle. Get appraisers to give inflated values of the Eagle stock and give it to the pensions. Only problem is that public investors have wised up since CO duped them on the XJT public sales.
AA could attack the employees' wages again, but I don't see AA poking that hornet's nest.
The one looming problem that AA might not be able to handle is the pension funding. Unless the equity markets continue their dramatic recovery, AA has hundreds of millions of dollars of required minimum contributions due next year (despite having no required contributions this year). Just like with UA in 2002, such a huge demand on cash might tip AA into Ch 11. However, it's possible that AA takes a page from CO in solving that problem.
During the post-September 11 airline financial crisis, CO lacked the cash to fund its pensions, so it contributed blocks of XJT stock (its former regional subsidiary) to its pensions, which then sold the stock to the public. After CO had contributed most of the stock to the pensions, CO approached XJT about lowering the profit margin earned by XJT. Perhaps AA could do that with Eagle. Get appraisers to give inflated values of the Eagle stock and give it to the pensions. Only problem is that public investors have wised up since CO duped them on the XJT public sales.
Hopeful
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BIG PAY RAISES? You mean asking for what we gave up 6 1/2 years ago is going "balls to the wall?"
That's not a raise, my friend, thats merely restoration of lost wages and benefits...
JimJimmyJim
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Tentative Date for Next Mediation
Federal Mediator Jack Kane has tentatively set the week of November 9, 2009 for the next mediated contract talks for M&R and Technical Specialist and AA.
Nearly 4 months after the last scheduled talk in July. You gotta love it.
Federal Mediator Jack Kane has tentatively set the week of November 9, 2009 for the next mediated contract talks for M&R and Technical Specialist and AA.
Nearly 4 months after the last scheduled talk in July. You gotta love it.
