blueskies4ever
Member
- Mar 26, 2004
- 49
- 0
Aug 24, 2004
United Airlines Chief Pledges to Communicate Better With Workers
By Melanie Coffee
Associated Press Writer
CHICAGO (AP) - United Airlines CEO Glenn Tilton is pledging better communications with workers, following a judge's order last week that gave the company 30 days to show it can cooperate with its unions on a restructuring plan.
"Going forward, I have committed to increasing and improving interactions with our stakeholders in any way that is productive, including our individual meetings with all of our union representatives," Tilton said Tuesday in a taped telephone message to employees.
U.S. Bankruptcy Judge Eugene Wedoff on Friday rejected union requests to open up the process to rival proposals immediately because they say United has not tried hard enough to preserve employee pensions.
Elk Grove Village-based United now has until Sept. 30 before losing exclusivity that allows only the company to file a reorganization plan without risk of a rival plan submitted by outside investors. Wedoff said he won't grant another extension unless the airline shows it is cooperating with unions and other stakeholders.
Saying that United was at a critical crossroad, Tilton said there will be "complete transparency" about United's financial situation and he encouraged employees to get involved in the restructuring process.
"We need the full, honest and constructive participation of all stakeholders. In fact, we want their input and we need their ideas," he said.
United parent UAL Corp. has operated under bankruptcy protection since December 2002.
Attorneys for United's unions had previously argued that United should lose its exclusivity because it moved too fast to stop its pension payments.
In July, United deferred a required quarterly pension fund payment of $72 million, saying it did not plan any more payments while in bankruptcy. The International Association of Machinists and Aerospace Workers and the Association of Flight Attendants filed objections to United's financing plan and its decision to stop pension fund payments.
United attorneys assured Wedoff on Friday that the deal allows the company to make payments to the plans if the money is available.
IAM spokesman Joseph Tiberi said Tuesday night that the union has been wanting to work with company officials to help solve United's financial troubles.
"We've been left out of the process in the past, but hopefully going forward the lines of communication can be more open," he said.
Its way to late for that.If UAL management said the sky was blue I say they
were lying.Trust no one can ever trust them.
United Airlines Chief Pledges to Communicate Better With Workers
By Melanie Coffee
Associated Press Writer
CHICAGO (AP) - United Airlines CEO Glenn Tilton is pledging better communications with workers, following a judge's order last week that gave the company 30 days to show it can cooperate with its unions on a restructuring plan.
"Going forward, I have committed to increasing and improving interactions with our stakeholders in any way that is productive, including our individual meetings with all of our union representatives," Tilton said Tuesday in a taped telephone message to employees.
U.S. Bankruptcy Judge Eugene Wedoff on Friday rejected union requests to open up the process to rival proposals immediately because they say United has not tried hard enough to preserve employee pensions.
Elk Grove Village-based United now has until Sept. 30 before losing exclusivity that allows only the company to file a reorganization plan without risk of a rival plan submitted by outside investors. Wedoff said he won't grant another extension unless the airline shows it is cooperating with unions and other stakeholders.
Saying that United was at a critical crossroad, Tilton said there will be "complete transparency" about United's financial situation and he encouraged employees to get involved in the restructuring process.
"We need the full, honest and constructive participation of all stakeholders. In fact, we want their input and we need their ideas," he said.
United parent UAL Corp. has operated under bankruptcy protection since December 2002.
Attorneys for United's unions had previously argued that United should lose its exclusivity because it moved too fast to stop its pension payments.
In July, United deferred a required quarterly pension fund payment of $72 million, saying it did not plan any more payments while in bankruptcy. The International Association of Machinists and Aerospace Workers and the Association of Flight Attendants filed objections to United's financing plan and its decision to stop pension fund payments.
United attorneys assured Wedoff on Friday that the deal allows the company to make payments to the plans if the money is available.
IAM spokesman Joseph Tiberi said Tuesday night that the union has been wanting to work with company officials to help solve United's financial troubles.
"We've been left out of the process in the past, but hopefully going forward the lines of communication can be more open," he said.
Its way to late for that.If UAL management said the sky was blue I say they
were lying.Trust no one can ever trust them.