DALLAS (AP) — American Airlines plans to ask a federal bankruptcy judge next week to throw out its union contracts, if it can't reach cost-cutting deals with labor unions, according to a person familiar with the situation.
The company would seek to void several collective-bargaining agreements that have been under intense negotiations since American and parent AMR Corp. filed for bankruptcy protection Nov. 29.
The company's plan was described Thursday by an official who declined to be identified because he was not authorized to comment publicly.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
