Here's the company's dreamsheet for the new pilot contract, they might get most of it:
http://www.restructuringamr.com/docu...INAL_CLEAN.pdf
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And here's an overview of the desired changes to the AA employee CBA's:
All Employee Restructuring Objectives
•Reduce employee costs
•Our approach to employee savings is focused on preserving base pay rates as much as possible by increasing productivity
•Implement universal changes to active and retiree medical for current employees
•Remove and relax restrictions on our business
•Remove structural barriers that limit flexibility and ultimately growth
•Eliminate pension underfunding obligations
•Terminate defined benefit plans to eliminate the company’s more than $800 million annual funding obligation
•Implement new first-dollar profit sharing plan
Overview of Pilot Proposals
•Targeted Annual, Permanent Cost Savings: $370 million per year (20% of pilots’ total costs)
•Approximately 400 pilot furloughs
•Lessen restrictions on codeshare and regional flying
•Increase pilot schedule max time to align with other carriers
•Improve scheduling through Preferential Bidding System
•Eliminate various premium pay options; provide sequence protection
•Reduce dependency on reserves
•Implement case management for sick absences
•Introduce pay banding
•Replace Pilot A and B (retirement) Plans with a defined contribution plan with 13.5% company contribution
Rationale
•Successful restructuring goes beyond competitive benchmarking. Any previous estimates of our employee cost gap aren’t relevant to our current situation. We are facing a far different challenge in the restructuring process, one that requires that we get to a cost and operational structure that allows us to successfully implement our business plan.
•We’ve worked hard to minimize impact on pilot base pay rates and jobs by focusing our strategic cost-saving efforts on productivity in contract areas like scheduling, reserves and time away from work.
•Restrictive contract provisions like Scope have limited our ability to compete with carriers that have more operational flexibility. The proposed changes to Scope will improve American’s ability to compete and will help better position the company for growth of the mainline.
http://www.restructuringamr.com/our-people-apa.asp