Blog Archive

Last week, President Obama signed legislation to allow American Airlines’ employees to roll over bankruptcy contributions, also known as equity, into individual retirement accounts without tax penalties. TWU was at the forefront of the effort to introduce and pass this legislation.   
 
...Read more >> December 22, 2014

CORPORATE GREED — WHEN DOES IT STOP? 
AAL Making Record Profits and Asking for Pension Relief

Washington, D.C. – The “new” American Airlines is attempting to renege on the legal and binding commitment made during bankruptcy restructuring by sneaking federal legislation through Congress that would let the airline slash its pension contributions. American is going to Capitol Hill to try and secure relief from these commitments during a period of unprecedented profitability one year after exiting bankruptcy and agreeing to the pension funding terms.

...Read more >> December 17, 2014

American Airlines’ commitment to future payments of employee pensions was key to gain support of the merger by TWU and other unions.

  • In November 2012, American Airlines’ employee pension plans were frozen during bankruptcy restructuring.
  • Later, US Airway’s merger with American Airlines was endorsed by unions at the airline, without which the merger would not have occurred.
  • TWU and other unions’ support was gained in part by a bankruptcy exit plan in which new management team agreed to a set schedule of future pension contributions to ensure the solvency of the newly frozen pension plans. 
...Read more >> December 17, 2014
As part of its work to train and empower local officers, TWU conducted a Secretary-Treasurers' seminar that included hands-on training so that officers can do the local union accounting and reporting work easily. Greeted on the first night by International President Harry Lombardo and International Secretary-Treasurer Alex Garcia, these local officers joined the ranks of over 350 treasurers who have taken this course since 1991.
 
...Read more >> December 08, 2014