Published 17 Jan, 2012 On December 10, Hyundai Rotem workers at the South Philadelphia railcar plant ratified a first contract by an 88 percent margin. The contract, negotiated by a team led by President John Johnson, Jr., established job security, a grievance procedure, and included gains in wages and benefits. As International Rep. Jerome LaFragola,…
Published 19 Mar, 2012 New York Governor Andrew Cuomo’s Tier 6 pension proposal would cut retirement benefits by 40 percent by reducing the multiplier used in determining benefits from 2 percent to 1.67 percent; raising the minimum retirement age to 65, excluding all overtime from pension calculations and changing the Final Average Salary calculation period…
Published 07 Mar, 2012 AMR Drops Demand to Shift Pensions to U.S Gov’t Agency; Backs off Demand for Additional Concessions in Return Dallas — In a major development in the ongoing AMR bankruptcy case, TWU members at American Airlines have won a freeze of current pension plans. “The company initially wanted to terminate our pension…
Published 12 Jan, 2012 DALLAS – Representatives of the Transport Workers Union (TWU) and executives from AMR subsidiary American Eagle were notified Wednesday evening that the National Mediation Board (NMB) remains committed to helping unions at American Airlines and American Eagle reach labor agreements with parent company AMR – despite the company’s November bankruptcy filing….