PPRuNe Forums - View Single Post - AA to cut 13,000 jobs
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Old 9th Mar 2012, 14:08
  #55 (permalink)  
Airbubba
 
Join Date: Jun 2001
Location: Rockytop, Tennessee, USA
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Looks like pensions will be frozen, not terminated. PBGC not letting AMR management "walk" on DB plans. Pilot's Union asking for "binding arbitration" on the remaining contract items.
Also looks like the pilots will have to drop the lump sum option of their A Plan to get the plan frozen instead of terminated.

The APA is going to poll the Supplement B pilots for authorization to end the lump sum provision of the CBA. As APA Prez Dave Bates explains it, if they drop the lump sum, the A Plan gets 'hard frozen' and survives. If they don't, the A Plan gets terminated and the lump sum goes away with it anyhow.

Of course, a lot can go wrong on the way to the courthouse in these deals.

More than at any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly. - Woody Allen
You can hire the US Air East pilots if you need any expert advice on 'binding arbitration'.
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