Friday, 29 June 2012

AMR Pilots to Vote for Ratification of Final Contract Offer

The final concessionary contract offer of the management of American Airlines will be put up for a membership ratification vote by the pilots union. It will thus avert at least for now, a possible ruling by a bankruptcy judge that would have allowed the management to abrogate the current contract and impose terms on the 10,000 pilots.


The pilots union of American Airlines agreed Wednesday to put the final concessionary contract offer of the management to a membership ratification vote. By doing so, it has averted at least for now, a possible ruling by a bankruptcy judge that would have allowed the management to abrogate the current contract and impose terms on the 10,000 pilots.


The company said in a statement that it was pleased by this decision since the agreement will meet the needs of its pilots along with ensuring the goals of its business plans. It reiterated its commitment to reach consensual agreements with all its unions.
 

The union said that its board had voted 9-7 to put the offer out for a vote after having rejected the deal last week.

The bankruptcy judge had earlier informed the company and the three big unions that he would delay his ruling on abrogating the present contracts so that the pilots are able to vote on the ratification, till Aug 8. The decision will give more time to AMR to try to come to terms with the other two unions in an effort to effectively make the savings that it needs to restructure successfully. 

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