Does AA own the AFW base?AFW will be sold and closed
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Does AA own the AFW base?AFW will be sold and closed
Does AA own the AFW base?
Reading all these different threads on AA is amazing. It is really amazing what some folks come up with when they are scared. The fact remains is both AA and the TWU are buisnesses. Neither care about anything except making money. In case you have not noticed the in thing to do for corporations is to take away defined pensions and decrease benifits. Their goal is to decrease compensation as low as possible just to the point where people will not quit. Look around this country and you can see many examples of this. The goal of the International union is to keep as many dues payers working. Now with the bankrupcy filing it is quite amusing to see folks sayng we should of done this or that. If you remember the pension was doomed when the TWU leadership went to Washington with the company to lobby for reform which allowed the company to defer funding into the pension plan. When the International was beating its chest saying our pensions were saved I said how can that be ? We will pay for this later. I could not see how that was in my best interest. Keep on thinking we are or were in control of what is happening. This is some funny stuff. Keep fighting and blaming each other you are on the right track.
The bolded portion is a common misbelief but is incorrect. At Dec 31, 2007, the AA pensions were 96% funded due to nearly $2 bilion of cash contributions during the decade up to that point. As of year-end 2011, AMR has contributed nearly $3 billion to the pensions since year 2000. The current underfunding isn't because of the changes in the law - it's because of the meltdown in equity values and the drop in interest rates since 2008, long after tha law was changed. The underfunding is likely temporary and would evaporate as equities recover and as interest rates rise with an improving economy. But since AMR filed Ch 11 to deal with wages and debts, it might as well deal with the pension while it's in bankruptcy.Reading all these different threads on AA is amazing. It is really amazing what some folks come up with when they are scared. The fact remains is both AA and the TWU are buisnesses. Neither care about anything except making money. In case you have not noticed the in thing to do for corporations is to take away defined pensions and decrease benifits. Their goal is to decrease compensation as low as possible just to the point where people will not quit. Look around this country and you can see many examples of this. The goal of the International union is to keep as many dues payers working. Now with the bankrupcy filing it is quite amusing to see folks sayng we should of done this or that. If you remember the pension was doomed when the TWU leadership went to Washington with the company to lobby for reform which allowed the company to defer funding into the pension plan. When the International was beating its chest saying our pensions were saved I said how can that be ? We will pay for this later. I could not see how that was in my best interest. Keep on thinking we are or were in control of what is happening. This is some funny stuff. Keep fighting and blaming each other you are on the right track.
TIAFW will be sold and closed
TI
Let' look at what is and what isn't. AFW sold and closed, maybe. TUL and AFW closed maybe. But let's look what has been occurring and what could occur. AA Tech is moving to DFW, along with Engineering so it would seem that AA wants to centralize maintenance operations. So given that then it would seem TUL is in greater jeopardy. Now let's look at recent issues Creider's retirement could mean that puts TUL in greater jeopardy why you may ask. Well here's why he was in charge of the Engines, APU, and Landing Gear, definately the 3 most profitable component shops in TUL now we know the Engine shop was in the process of being spun off the APU shop has been shopped around also and if Creider's retirement means anything possibly the Landing Gear shop is in jeopardy also. So if those shops are gone spun or sold in TUL the what's left the extremely unprofitable an volatile A/C OH. So in looking at all these issues it seems to me that TUL has more to worry about than AFW unless you have a better crystal ball that has the real plan.
Goey
TII dont have a crystal ball and you place more and a diffrenet spin into the Creider retirement than folks in Tulsa do. I actually think he was going to be fired if he didnt retire but have no proof of that. I think Bill Collins had enough of him as events leading up to this were rumored for several months.
And as for AFW, I am just going by what management in Tulsa is saying, unofficially and the break areas.
TI
Well then my WAG is just as good as yours maybe less tainted because I have no emotional ties to TUL and also most if not all of my statement is fact not rumors spread by TWU officers and managers in fear of their jobs or a work slowdown (if TUL could be any slower).
Goey
TIFair enough, we will check your "facts" against my rumor real soon. Thanks for sharing, you are the first I know of to have any "facts".
rotlmao, yes local 567 is still there. Special membership meetings tommorrow. Come on by and hear what the lawyers have to say.Bob,
Please answer just one question. I know you have been addressing issues, but can you please tell me if AFW still has a local because once the bankruptcy was announced, I have heard that they haven't been seen.
Where have you been? Good union men have been voting to do away future employee benefits was started as early as the 1983 contract. Some of those union men are still around. At what level do we see this change?STOP being afraid and get a grip, A union man voting to do away with a future employees benifit,thats just wrong on all levels !!!Let the company take ownership of that decision.
PRE-FUNDING I get it, we cut half now get the other half later. Im sure the companys chompin at the bit to get the pre-fund match !!
AGAIN NEW a/c dont happen overnight,The 320 is going to requier a lot of training,I would think a lot of retirements over the next 5 years
Isn't the AA emp motto: I GOT MINE? that's all I ever heard since I hired on in 91....Where have you been? Good union men have been voting to do away future employee benefits was started as early as the 1983 contract. Some of those union men are still around. At what level do we see this change?