;)
USA Today reports, “The pilots’ union on Wednesday rejected the latest contract offer from American Airlines, which is awaiting a judge’s ruling on whether it can impose its own terms for cutting costs that include eliminating thousands of jobs.” Later this week, a federal bankruptcy judge is set to rule on whether American can break its current contracts with pilots and other union workers. The union is pushing for that ruling to be delayed. American and its parent company, AMR Corp., filed for Chapter 11 bankruptcy protection in last year’s fourth quarter. The newspaper notes, “Federal law lets companies in bankruptcy scuttle their union contracts if it’s essential to their survival.”
American Airlines pilots reject new contract
The pilots’ union rejected American Airlines’ proposed contracts in advance of a bankruptcy judge’s ruling on whether the airline can break current contracts.
June 22, 2012