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Bankrupt American Airlines wants judge to toss its union contracts


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Bankrupt American Airlines wants judge to toss its union contracts
KRMG-Radio [Tulsa, OK], by?Don Bishop
Original Article
Posted By:geoguy, 3/23/2012 11:01:38 AM
American Airlines wants to toss out all of its union contracts in the wake of its bankruptcy filing last November. American now says it can no longer afford to wait after losing over a billion dollars last year alone.

Comments:
This is what should have happened with Government Motors, but instead Zippy made sure the unions owned the company.

Reply 1 - Posted by: LcomStaff10, 3/23/2012 11:04:56 AM?????(No. 8447578)

Reply 2 - Posted by: LcomStaff10, 3/23/2012 11:05:32 AM?????(No. 8447582)

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Reply 3 - Posted by: lylacat, 3/23/2012 12:14:09 PM?????(No. 8447796)

"This is what should have happened with Government Motors, but instead Zippy made sure the unions owned the company." And the taxpayers got to pick up the tab. Original bond holders and stock holders got nothing, the American taxpayer was forced to pony up millions to buy the new stock at an inflated price, and the taxpayers will never be paid back. All the GM debt was forgiven, which again falls on the back of the taxpayer. But the unions got their inflated wages and benefits, and big bonuses. The taxpayer got nothing.




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Source: http://www.lucianne.com/thread/?artnum=671944

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