AA UNION DISPUTES LOOK LIKELY AS THEY WIN SEATS ON CREDITORS COMMITTEE

Victoria
By Victoria December 7, 2011 13:39

AA UNION DISPUTES LOOK LIKELY AS THEY WIN SEATS ON CREDITORS COMMITTEE

American Airlines’ disputes with its three largest unions may come to the fore once again in bankruptcy after the labor groups won seats on the creditors committee for parent AMR Corp. AMR singled out labor costs as one reason for its bankruptcy filing. The unsecured creditors committee, which also includes Boeing and banks acting for bondholders, represents those owed money by American when it sought court protection. It will have a say in major decisions made by American outside of normal business while the carrier is in bankruptcy, including whether to shrink in size, terminate its pensions or merge with another airline.

Victoria
By Victoria December 7, 2011 13:39
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