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Y los trabajadores terminan siendo los culpables.
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Court denies American’s request to terminate pilots’ contract
By Aaron Karp | August 16, 2012
American Airlines (AA) was unexpectedly rebuked Wednesday by a US bankruptcy judge, who declined to reject AA’s labor contract with its pilots. The airline, however, expressed confidence that changes can be made to its request to the court that will enable the pilots’ contract to be rejected and new labor rules imposed.
AA’s 10,000 pilots, represented by the Allied Pilots Assn. (APA), last week voted down a tentative agreement that had been reached with AA management on a new collective bargaining agreement, setting the stage for the court to rule on a labor contract containing work rules AA has said are untenable going forward (ATW Daily News, Aug. 10).
Both AA and APA expected the court to reject the contract, but US bankruptcy judge Sean Lane ruled that AA had not made the case, particularly in regard to having the ability to furlough pilots and re-write scope clauses to have greater flexibility in regional airline contracts.
He did concede that changes to the pilots’ contract are necessary and said AA can resubmit a new, revised request to throw out the contract. The judge “ultimately concluded that only two narrowly defined elements of the company’s proposal require modification,” AA spokesperson Bruce Hicks said in an emailed statement. “We will adjust those elements … Even regarding the two items on which the court found that American had exceeded what was necessary, Judge Lane agreed that the status quo was untenable. He concluded that American needs a significant increase in codesharing and latitude to furlough, but he believed that our proposals on both need to be modified.”
New APA president Keith Wilson said in a message to AA pilots that “management has overreached in their desire to extract more concessions than are warranted to support their reorganization plan in this bankruptcy … Clearly management went well beyond what is the industry standard for bankruptcy contracts, and the judge recognized this in his decision.”
Agency review finds errors in United pension payments
By Christine Boynton | August 16, 2012
A series of reviews on United Airlines (UA) pension assets concluded
Wednesday, revealing that the Pension Benefit Guaranty Corp. (PBGC)
undervalued UA’s pension assets by about three-fourths of 1% in
2008—approximately $58 million out of $7.3 billion. Those affected by
the error, roughly 18%, will see a slight increase of their benefits and
will receive back payments with interest, the agency announced.
“Unfortunately, PBGC let the people of United Airlines down, but we’re determined to put things right,” PBGC director Josh Gotbaum said. “We’ve gone back and redone the work. Anyone we’ve underpaid, by even a dime, is getting paid back with interest and an apology. And we’re making other changes, so this doesn’t ever happen again.”
The corrected payments and back payments are scheduled to begin this September.
To review the pension assets, PBGC hired CPA firm KPMG. The original valuation “relied on the accounts furnished by the pension trustees, and that in a few cases those numbers were out of date or weren’t adjusted to reflect the fact that PBGC was taking over the pension,” the agency said. “Most people were not affected by this error because, for most people, PBGC pays their full pension and asset values don’t affect their benefit. But asset levels do matter for those who earned a benefit above what the agency is legally allowed to pay.”
PBGC noted it began a review and reform of its benefits payment department in 2011, recruiting new management, reforming asset valuation, and revising procedures surrounding quality and accountability. It took over the UA pensions in 2005 (ATW Daily News, May 11, 2005).
“Unfortunately, PBGC let the people of United Airlines down, but we’re determined to put things right,” PBGC director Josh Gotbaum said. “We’ve gone back and redone the work. Anyone we’ve underpaid, by even a dime, is getting paid back with interest and an apology. And we’re making other changes, so this doesn’t ever happen again.”
The corrected payments and back payments are scheduled to begin this September.
To review the pension assets, PBGC hired CPA firm KPMG. The original valuation “relied on the accounts furnished by the pension trustees, and that in a few cases those numbers were out of date or weren’t adjusted to reflect the fact that PBGC was taking over the pension,” the agency said. “Most people were not affected by this error because, for most people, PBGC pays their full pension and asset values don’t affect their benefit. But asset levels do matter for those who earned a benefit above what the agency is legally allowed to pay.”
PBGC noted it began a review and reform of its benefits payment department in 2011, recruiting new management, reforming asset valuation, and revising procedures surrounding quality and accountability. It took over the UA pensions in 2005 (ATW Daily News, May 11, 2005).
Discuss this news 1
I have been working with this
By Anonymous
I have been working with this crowd for
several years. They continually deny any errors until caught and forced
to correct them. It has been 8 years since my pension was literally
stolen by United Airlines and I still do not have a Final Statement of
Benefits. Along with the Bankruptcy Court in Chicago I am more convinced
that ever that we live in a totally corrupt legal and governmental
system.
