Protests Over American Airlines Bankruptcy
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Filed under: News
This week marks an important week in the fate of the American Airlines bankruptcy case. After the executives spent time pleading their case in bankruptcy courts this week, employees are taking to the picket lines to speak out about their futures.
Voicing Concerns
American Airline employees will be picketing outside of the Dallas-Fort Worth headquarters today to publicly express their disappointment over talks of massive layoffs and pension cuts. This isn’t the first time that American Airline employees have spoken out about the decisions of company executives since the filing late last year, nor is this the first time they have held a formal protest. In fact, employees recently released a formal statement in support of the idea of a possible takeover by United Airways.
Expecting to lose some 13,000 jobs including non-union positions, employees are scheduled to present their side of the case in bankruptcy court starting Monday. Union representatives will be pleading the case against cutting benefits and layoffs in favor of alternative debt restructuring strategies. Non-union workers are also facing a dim future unless they can convince the court to hold off on ruling until they have had a chance to vote on the idea of unionizing themselves.