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AA has plenty of money to buy airplanes and other airlines. They just don't have money for employees/AA ordered three more 777s today
aa ready to buy Jetblue,Story in dallas morning news
DIRE STRAIGHTS You got to be sh tting me !
VOTE NO !!!!
AA has plenty of money to buy airplanes and other airlines. They just don't have money for employees/
Last day 8/13/12 They are leaving all around the system.That's a given! This company treats its employees like crap yet non of us leave!
Not quite true. Some have already left the sinking ship to other airlines or repair stations. The rest of those who want to leave are just waiting on the Early Out.That's a given! This company treats its employees like crap yet non of us leave!
That shows what a fool you are if the Judge says they can abrogate the contract the company is free to impose LBO2 if they choose so for you to set here and say that is compelling shows your ignorance of the issue the company can impose the term sheet or LBO1 or LBO2 if the judge says ok.So if they say we do not want to good then don't you cannot be that thick to buy that crap.
Just an observation, AA has not ruled out dumping the pension on the PBGC and, in my opinion, will do this at the first opportunity. Do not use this as a case for vote yes.
I look at it a little differently,They can keep their measlypitbull, below is just a sample of the education I would have offered you for your 4 hour trip to Tulsa.....
Perhaps you need to go and take a long look at the companies March 22nd term sheets "they will impose" with a "no vote". What you are complaining about will be gone anyway also within the March 22nd term sheet is a statement reguarding concensual agreement must be met, and if not, anything with an (*) will not apply. That means there would be no raises, no profit sharing, no Early Out, Pension turned over to the PBGC etc,etc,etc...
What the TA offers is raises, gain sharing plan for Line and Base employees, 36 month wage average adjustment, 48 month early section 6 opener to re-negotiate (we would still get raises as they re-negotiate), profit sharing, a Frozen Pension, matching 401k, Early Out etc,etc,etc...
I will be voting for the TA and I suggest you do the same. If you decide you can't live with it after the fact you can take the Early Out or the Stand In Stead that offer's over $39,500.00, you as well would recieve your prefunding contribution plus interest and if there is a successful Section 1114 filing through the bankruptcy you would get the companies prefunding portion too. This would probably place you near $50,000.00 to sever your ties, and walk away.
Then you could take your skills elswhere to a company who you think would treat you better.....Just my thoughts
Time to read the truth. Pass this on please.
Local 565 President G. Peterson's Letter of Rebuttal to D. Videtich letter posted on TWU Local 514 website
http://www.lbo2.com/...etich lette.pdf
Time to read the truth. Pass this on please.
Local 565 President G. Peterson's Letter of Rebuttal to D. Videtich letter posted on TWU Local 514 website
http://www.lbo2.com/...etich lette.pdf
Voting yes will not secure the freeze. AA has said they will not guarantee the pension will stay frozen with a yes vote. Seeing that they have gone out of their way to screw the employees up to date, there is no reason to believe that they won't get agreements and then dump the pensions. You keep taking half of the statement to prove your point. Read the offer and read the statements from corporate AA.Oldguy, I have to give you credit. It looks like you recognize the seriousness of what we are facing here in bankruptcy and the safest avenue to secure our pension as members is to vote for the TA and secure the freeze....