Flying low
Veteran
- Jul 19, 2011
- 629
- 232
Out in my hanger from what I've seen/heard is that the only early-outs that are left are not quite 55 yet. Rumor mill has it that they were "allowed" to stay so they could keep flight privileges...
What's the word on the equity?
- Thread starter screwed again
- Start date
I know of two individuals who were supposedly asked to stay longer. Both are well over 60 and could have gone if they had wanted to in February. These are the two that think AA cannot function without them. One guy I know who is in his 70s got to delay his date twice by asking the manager if he could do it. Another who is 64 (who had more seniority than the 70 year old) was told he had to go in December. Typical stuff happened in the 5 and 5 that we were sold out for. Time and time again our livelihoods are peddled away so a bone can be thrown to a certain demographic that can swing the vote. This is all condoned and encouraged by our wonderful TWU international and it has worked every time. The term "I got mine brother." is used often on this blog. In regard to the early outs it should be "I sold you out to get mine brother and now I'm gonna get some of yours too."
AANOTOK
Veteran
- Oct 10, 2009
- 4,627
- 2,242
The final decisions were pretty much nailed down yesterday. So, were your sources correct in saying early outs and retiree's were getting part of the pie? Nothing mentions it in this posting.
http://www.twulocal5...ttee Update.pdf
The EO package had nothing to do with "your" equity share value.. It was a program to reduce manpower so the young employees still maintained employment and were not laid off.. The EO's had worked under the concessionary contract for approximately 10 years or so.. The equity share pay out should be available to the EO's on a percentage basis.. Current employees should receive 100% "piece of the pie" and EO's should be reduced by the percentage of years removed from payroll.. Fair and Equitable..
enough already
Veteran
- Jan 8, 2003
- 659
- 249
Looks like another nail in the twu coffin:
"the Committee re-affirmed the outline of the draft Plan that was described in the draft Power Point presentation, with some minor adjustments. The Presidents Council approved the recommendation of the Equity Committee."
"the Committee re-affirmed the outline of the draft Plan that was described in the draft Power Point presentation, with some minor adjustments. The Presidents Council approved the recommendation of the Equity Committee."
The way I read it is, if no changes were made to this eligiblilty, Then EO's are out..
But the "Exclusions Apply" is another TWU anomaly
"The general rule for eligibility to participate in the distribution is: an
employee was in a TWU represented craft/class and active employee
on payroll or approved leaves of absence on both the date of
American’s filing its petition for bankruptcy (November 29, 2011) and
the closing date for eligibility (July 26, 2013) Exclusions Apply "
But the "Exclusions Apply" is another TWU anomaly
"The general rule for eligibility to participate in the distribution is: an
employee was in a TWU represented craft/class and active employee
on payroll or approved leaves of absence on both the date of
American’s filing its petition for bankruptcy (November 29, 2011) and
the closing date for eligibility (July 26, 2013) Exclusions Apply "
AANOTOK
Veteran
- Oct 10, 2009
- 4,627
- 2,242
As it should be...
enough already
Veteran
- Jan 8, 2003
- 659
- 249
That just about ensures that we won't see a dime for years until after the lawsuit's said and done...
OP
screwed again
Member
- May 1, 2012
- 74
- 52
- Thread Starter
- Thread starter
- #59
I spent mine.
You got that right!
