Skip to main content

View Diary: This week in the War on Workers: Unions still grappling with American Airlines bankruptcy (17 comments)

Comment Preferences

  •  American Airlines execs need to work with unions (1+ / 0-)
    Recommended by:

    or they well be ex-execs in my humble opinion. Although both sides are right on some things and wrong on some things if they don't come to an agreement both sides can work with then American will cease to be as we know it.

    Just A Real Nice Guy, thinking out loud.

    by arealniceguy on Sat May 19, 2012 at 06:02:55 PM PDT

    •  The "problem" with Union-Management... (0+ / 0-)

      negotiations, IMO, is the same as with American politics today, one side has staked out a position, an unreasonable position, and does not want to compromise at all.

      All the old metrics about how to run a successful company (like CEO to lowest worker pay ratios) have been dumped.  Reinvesting in the company is a quaint memory - tossed in favor of huge executive bonuses.

      There is an epidemic of "short term" and "me first" thinking on corporate America.  This cannot be good for the future of the business or the future of the country.

      Funny, in a sad way, how the majority of these same execs are also Republicans.  

      "The right to be heard does not automatically include the right to be taken seriously." -- Hubert H. Humphrey

      by Candide08 on Sun May 20, 2012 at 06:52:08 AM PDT

      [ Parent ]

    •  The "ex-execs" in the airline industry (0+ / 0-)

      are like the Easter bunny, existing only in imaginations. About the only way for an exec to permanently leave the industry is to show any willingness to work/compromise with unions. The CEOs and their senior managers who ran their companies into the ground in a race to the bottom after 9/11 all received huge bankruptcy court approved bonuses and continued to run the companies after bankruptcy or went to another airline. It is a very incestuous industry for senior management.

      American is no different. They ran the race to the bottom along with their peers in the mid 2000's but managed to put on enough bandaids to push bankruptcy ahead six years. Absent the Great Recession they may have been the only major airline to skate. Didn't happen and now the pain comes in spades.

      Not to worry, there will be no pain for the execs. Can't have that. Such talent is too important. They will take their millions in bonuses from the court and continue working for US Air-American or go somewhere else in the industry. Each now with his/her union smashing credentials freshly gained or renewed.

      The only ones left to filter through the pile of shit that is the aftermath of bankruptcy and merger will be the employees, the primary stakeholders in any company. Employees will have lost large parts of their pensions and will be working for significantly less than their peers at other major airlines. There is no way for employees to leave US Air-American without sacrificing seniority and the pay/benefits that go along with seniority.

      Of course the pain doesn't stop there. All of American's suppliers and vendors will have been squeezed too. They will be forced to take pennies on the dollar for goods and services they provided the airline before bankruptcy with the added pleasure of reduced revenue on future goods and services given in post-bankruptcy contracts. Or they can forgo the business with US Air-American which has a cost too. Who do you think will suffer the most at these companies? Management or their employees? This is all a feature of the airline industry, not a bug.

      Time makes more converts than reason. Thomas Paine, Common Sense

      by VTCC73 on Sun May 20, 2012 at 09:22:02 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site