which will it be? the ta or term sheet?

[Birdman]

The PF match could be the carrot on a stick that gets the LBO passed. If not they will have to be sued if a lawsuit has legs.

 

[DallasConehead]

You won't get the match just what you put in plus interest. Now here you go again thinking about a yes vote over a measily 3 grand. Sad... You guys are easily bought and paid for, like a bunch of cheap whores.

 

[Hopeful]

You won't get the match just what you put in plus interest. Now here you go again thinking about a yes vote over a measily 3 grand. Sad... You guys are easily bought and paid for, like a bunch of cheap whores.

There have been YES votes bought for a lot less.

 

[dc10boy]

I have to chime in on this one guys.I'm a 22 year AMT at ORD. In 2003 we took huge cuts to avoid RIFs.AA laid them off anyway.We know we can't trust AA management to live up to their word.in the last 10 years we've seen almost 65% of our daily departures handed over to Eagle.I have no doubt, after looking at the company's demands that they intend to hand over a huge percentage of our domestic schedule to regionals.That being said, it looks like most of us in ORD will be gone within 5 years anyway.Our own President stated ORD was going to be slammed hard.This line vs. overhaul crap has got to stop!We are facing the same problems caused by the same enemies.
I am voting against this LBO.I will not willingly lock myself into this outrage of a 6 (which will obviously go beyond 10) year deal.I feel better taking my chances with the judge despite the past history.What real difference does it make if you are RiF'd and have to file BK or remain employed and have to file for BK due to a long term and massive pay cut.our VP stated that this was a 5 to 8 dollar per hour pay cut in the health care changes alone.Nearly 50% of our wages since 2003.If we send this to the judge, we have a slim chance at a better deal down the road.And nobody can EVER say"You guys agreed to this"If we are dumb enough to take this.....then we deserve everything we get.

 

[TWU informer]

The only legal obligation regarding pre-funding is for employees to be returned their contributions with interest. The language about you getting their contributions & interests is a sweetener.

Good luck getting it, but I suspect the estate will be keeping that to pay off its debts.

The language is in the current labor agreement, and to my knowledge AA's term sheet wants to terminate the plan.
The language clearly states that if terminated "the reserves will be refunded" to the employee.

I think the legal obligation would have been on AA's part to specifically modify that language in their term sheet, which they did not.

The funds are in a trust in the employees name, does not even belong the estate to begin with.

I am NO VOTE regardless, I am not living under another 6 year forced concession voluntarily. It was just a question that needs to be answered.
And if answered correctly will create NO VOTES.

Again, it about $8000.00 in the trust account in my name and that is my account that is in question.
The funds no longer belong to estate, they belong to me.

 

[Frank Szabo]

Frank, I think you may have the terminology and sequencing wrong... Maybe one of the accredited lawyers here could confirm...

As I understand it, the company's last and best offer could only be implemented with a yes vote.

Further, the LBO would only be offered up for vote if there is not a Revised TA to vote on.

If the LBO or RTA is approved by the membership, the judge affirms the vote.

If the LBO or RTA is rejected by the membership, the judge decides on whether or not to abrogate.

If abrogation takes place, the company is free to impose (at will) the terms of the term sheet.

The fun part is repeating all that's been said over time by our beloved representation and many now saying the given info is incorrect.

 

[Vortilon]

You won't get the match just what you put in plus interest. Now here you go again thinking about a yes vote over a measily 3 grand. Sad... You guys are easily bought and paid for, like a bunch of cheap whores.

I am a NO vote! On a side note though, last time I checked - I had a little over $6900.00 in the prefunding account.

 

[Lloyd Grey]

I am voting against this LBO.I will not willingly lock myself into this outrage of a 6 (which will obviously go beyond 10) year deal.

Me too. The next thing to do is a card check to get rid of TWU as fast as possible.

 

[enough already]

I have to chime in on this one guys.I'm a 22 year AMT at ORD. In 2003 we took huge cuts to avoid RIFs.AA laid them off anyway.We know we can't trust AA management to live up to their word.in the last 10 years we've seen almost 65% of our daily departures handed over to Eagle.I have no doubt, after looking at the company's demands that they intend to hand over a huge percentage of our domestic schedule to regionals.That being said, it looks like most of us in ORD will be gone within 5 years anyway.Our own President stated ORD was going to be slammed hard.This line vs. overhaul crap has got to stop!We are facing the same problems caused by the same enemies.
I am voting against this LBO.I will not willingly lock myself into this outrage of a 6 (which will obviously go beyond 10) year deal.I feel better taking my chances with the judge despite the past history.What real difference does it make if you are RiF'd and have to file BK or remain employed and have to file for BK due to a long term and massive pay cut.our VP stated that this was a 5 to 8 dollar per hour pay cut in the health care changes alone.Nearly 50% of our wages since 2003.If we send this to the judge, we have a slim chance at a better deal down the road.And nobody can EVER say"You guys agreed to this"If we are dumb enough to take this.....then we deserve everything we get.

It's so refreshing to hear from a real old school Union Man!!

 

[Lloyd Grey]

I am a NO vote! On a side note though, last time I checked - I had a little over $6900.00 in the prefunding account.

Where do you find the amount in your prefunding account?

 

[TWU informer]

Where do you find the amount in your prefunding account?

Call J P Morgan 1-800-345-2345,

You have to navigate the voice menu and press zero to get a representative.

Give them your information and they will research and get back you within a few days.

 

[Birdman]

You won't get the match just what you put in plus interest. Now here you go again thinking about a yes vote over a measily 3 grand. Sad... You guys are easily bought and paid for, like a bunch of cheap whores.

You should really work on those reading comprehension skills. No one said they were voting yes for the match. BTW, I have over $11,000 in my account.

 

[Lloyd Grey]

There is a communication on 514's we site that explains what I just said.

The terms presented to the court will be used when the judge rejects AND they are worse than the LBO because the LBO Was put together AFTER the court proceeding began.

WELL now, that's a fine kettle of fish. I'm still voting NO because the damage has already been done. If you don't like the results, just go away.

Next stop - card check. Get rid of the TWU. They did us no damn good...

 

[1AA]

I have to chime in on this one guys.I'm a 22 year AMT at ORD. In 2003 we took huge cuts to avoid RIFs.AA laid them off anyway.We know we can't trust AA management to live up to their word.in the last 10 years we've seen almost 65% of our daily departures handed over to Eagle.I have no doubt, after looking at the company's demands that they intend to hand over a huge percentage of our domestic schedule to regionals.That being said, it looks like most of us in ORD will be gone within 5 years anyway.Our own President stated ORD was going to be slammed hard.This line vs. overhaul crap has got to stop!We are facing the same problems caused by the same enemies.
I am voting against this LBO.I will not willingly lock myself into this outrage of a 6 (which will obviously go beyond 10) year deal.I feel better taking my chances with the judge despite the past history.What real difference does it make if you are RiF'd and have to file BK or remain employed and have to file for BK due to a long term and massive pay cut.our VP stated that this was a 5 to 8 dollar per hour pay cut in the health care changes alone.Nearly 50% of our wages since 2003.If we send this to the judge, we have a slim chance at a better deal down the road.And nobody can EVER say"You guys agreed to this"If we are dumb enough to take this.....then we deserve everything we get.

The judge will impose the term sheet. Still a 6 year deal and worse than what we will be voting on.
Both bad deals but you have to choose the better of the two. The judge does not pick and choose which articles stay and which go. Its the whole package or nothing. Tough decision but we are in a bad spot no matter how you look at it.

 

[JABORD]

Where do you find the amount in your prefunding account?

At one time you were able to see it on jetnet back when we were voting on the t/a. Once we voted it down, the company felt you didn't need access to the PF info so they pulled it. Clear example of how they manage our information. I believe a call to AA Pension dept. is required to get the numbers. I agree with Informer, these questions need answers but let's be realistic as to how much weight we put into this. When I inquired on my amount, I was surprised to hear that the company match amount didn't equal my amount. Company match was less. Was told their earnings didn't do as well.(thought that strange) Either way, if the match were to be paid out, it would be a gift. I don't expect it, I know if the program goes away I'll get my monies back. Anyone concerned that the refund should determine whether they vote hell no or not shouldn't sell themselves for so cheap.