I'm looking at the term sheet comparisons and there is a lot of notable differences.
http://www.Restructu..._30_12FINAL.pdf
and, how many times does the LBO say "same as term sheet"???
Compensation.......same as term sheet
Medical costs.......same as term sheet
Pension.......same as term sheet
Retiree medical.....is actually worse because the union unilaterally agreed to have the retiree's determine if we get back the employers portion. In the current agreement, the trust, if terminated, requires the company to re-imburse their portion back to the participants or set up an alternative medical plan. bottom line, it's our money, and if the retiree's get a sweet deal from the company they can vote to allow the company to keep their portion, which would be considered theft. The company doesn't want to play by the rules. and, the union is party to the theft.......unless you vote NO!
6 year deal........worse than term sheet because section 6 openers wouldn't start until 2018.
ASM Cap......same as term sheet
Outsourcing......probably worse than the term sheet when you consider the increase in the amount of annual departures.. required to keep line stations open. 35% vs. 40%. And, that's based on the amount of aircraft in AA's fleet. When the md-80's and 757 disappear, and the A319/320 go to eagle.....the only thing left standing will be the 737. we currently have over 600 aircraft in the fleet.......what's that number gonna be when AA shifts most of the domestic flying to eagle?? How many jobs will disappear with those aircraft......lots!
Overtime.....company will pick & choose. Good ole boy system!
Field Trips........open your wallet for expenses and hope you get re-imbursed.
Rif's......no protections! Every Single Job in M&R is at risk of layoff! Same as term sheet.
Holidays.....same as term sheet.
So, show me the notable differences when it comes to the most important items in the CBA.....most notably, pay, benefits & scope??