American Airlines heads to federal court Monday to convince a bankruptcy judge that to survive, it must break labor agreements that workers fought decades to win.
The company that makes Twinkies, Wonder bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts.
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.
Flight attendants and ground workers marched in picket lines Tuesday to protest American's plans to kill its pension plans, reduce benefits and cut 13,000 jobs.
The company also wants union approval to drop its traditional pension plans, which cover 130,000 employees and retirees. It would replace them with 401(k)-type plans under which the company contributes to workers' retirement accounts.
The federal pension-insurance agency filed $91 million in liens against American Airlines property in a bid to pressure the company to save its retirement plans instead of dumping the obligations on the agency.
DebugScreen: mobile
{
"author": {
"name": "David Koenig",
"webUrl": "/author/profile/david-koenig/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 21,
"social": [],
"articles": [
{
"uri": "/2012/05/01/american-airlines-chief-labor-negotiator-to-leave/",
"title": "American Airlines chief labor negotiator to leave",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "May 01, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "American Airlines said Tuesday that several top executives are leaving the financially troubled company, including its chief labor negotiator.",
"body": null
},
{
"uri": "/2012/04/24/american-makes-its-case-against-union-contracts/",
"title": "American makes its case against union contracts",
"byline": "David Koenig and Scott Mayerowitz",
"kicker": "",
"prettyDate": "April 24, 2012",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
},
{
"webUrl": "/author/profile/scott-mayerowitz/",
"name": "Scott Mayerowitz"
}
],
"kickerNode": [],
"summary": "Lawyers for American Airlines and its labor unions argued in federal bankruptcy court over the best course for the financially troubled company.",
"body": null
},
{
"uri": "/2012/04/23/american-to-make-its-case-against-union-contracts/",
"title": "American to make its case against union contracts",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "April 23, 2012",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "American Airlines heads to federal court Monday to convince a bankruptcy judge that to survive, it must break labor agreements that workers fought decades to win.",
"body": null
},
{
"uri": "/2012/04/20/amr-unions-plan-to-back-takeover-bid-by-us-airways/",
"title": "AMR unions plan to back takeover bid by US Airways",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "April 20, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation.",
"body": null
},
{
"uri": "/2012/04/16/twinkies-maker-hostess-gives-unions-final-offer/",
"title": "Twinkies maker Hostess gives unions 'final' offer",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "April 16, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "The company that makes Twinkies, Wonder bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts.",
"body": null
},
{
"uri": "/2012/03/27/american-airlines-seeks-to-cancel-labor-contracts/",
"title": "American Airlines seeks to cancel labor contracts",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "March 27, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "American Airlines is asking a bankruptcy judge to break its union contracts and impose cost-cutting terms on workers.",
"body": null
},
{
"uri": "/2012/03/22/american-airlines-aims-to-cancel-labor-contracts/",
"title": "American Airlines aims to cancel labor contracts",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "March 22, 2012",
"timeToRead": "1 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "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.",
"body": null
},
{
"uri": "/2012/02/15/american-airlines-workers-protest-job-pay-cuts/",
"title": "American Airlines workers protest job, pay cuts",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "February 15, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "Flight attendants and ground workers marched in picket lines Tuesday to protest American's plans to kill its pension plans, reduce benefits and cut 13,000 jobs.",
"body": null
},
{
"uri": "/2012/02/01/american-airlines-aims-to-cut-13000-jobs/",
"title": "American Airlines aims to cut 13,000 jobs",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "February 01, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "The company also wants union approval to drop its traditional pension plans, which cover 130,000 employees and retirees. It would replace them with 401(k)-type plans under which the company contributes to workers' retirement accounts.",
"body": null
},
{
"uri": "/2012/01/31/feds-pressure-american-airlines-to-save-pensions/",
"title": "Feds pressure American Airlines to save pensions",
"byline": "David Koenig",
"kicker": "",
"prettyDate": "January 31, 2012",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/david-koenig/",
"name": "David Koenig"
}
],
"kickerNode": [],
"summary": "The federal pension-insurance agency filed $91 million in liens against American Airlines property in a bid to pressure the company to save its retirement plans instead of dumping the obligations on the agency.",
"body": null
}
]
}
}
