Published 22 Dec, 2014 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. The House bill was introduced by Rep. Mike Grimm…
Published 17 Dec, 2014 Statement by Transport Workers Union of America, AFL-CIO President Harry Lombardo on American Airlines’ Push to Amend the Pension Protection Act of 2006 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…
Published 17 Dec, 2014 A Rejection of Commitments American Airlines Made to Labor to Support Merger with US Airways When Exiting Bankruptcy 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…
Published 08 Dec, 2014 By Bob Wechsler, TWU Education & Training Coordinator The question inevitably comes up at the membership meeting, “Why can’t we afford it?’ Twenty-five local union officers, most of them Secretary-Treasurers came together at the Maritime Institute in Lithnicum, MD for an intensive 2.5-day training to learn and practice the tools of…