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American now looking to freeze - not kill - pensions

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American Airlines will back off its plan to terminate workers' pensions, announcing today it will instead seek to freeze them for its non-pilot employees. (travel.usatoday.com) 更多...

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ATCguy1
ATCguy1 2
This is better but not quite good news. Killing or freezing pensions shouldn't even be an option to cut costs. I wonder what the top execs there think: "Hey, we need to cut costs...let's screw all of our hardworking employees who've made this airline function over the years."

From 2006 to 2011, former AMR CEO Gerard Arpey made $14.34 million. Hmmm...
preacher1
preacher1 2
Well, bad as it is, it does beat the alternative, which regardless of the Pension Board or whatever, would be next to nothing. That's part of the problem with Corporate America today. The top execs aren't thinking employees at that point. They are thinking stockholders and total dollars, never mind that, as you say, those $ come on the backs of thousands of honest, hardworking employee's.
s2v8377
s2v8377 2
I agree with you 100%!!!
rebelx4xchrist
Paul Smith 1
he isn't even there anymore and thats for obvious reasons. At some point we all have to face the reality that we don't live in an economy where we can afford things we had 10 - 20 years ago.... I think they are trying there hardest to make an effort to screw over the employees as little as possible. Every other airline did this and they are the last one, I believe they should get their turn too like everyone else did.
preacher1
preacher1 2
Paul, I would add just a little to your comment, in that some of the other legacies that went through the process gave no regard to their employees at all. As you said, AMR is trying
niebling1
R emember Braniff you can believe what they say
niebling1
American is an American institution it should noe be allowed to fail
its more than jusy salaries
Flyintravel
Asborn Webb 0
(Duplicate Squawk Submitted)

Shifting Tactics, AMR Offers To Freeze Pensions

AMR Corp. yesterday shifted tactics on the defined benefit pension plans held by its American Airlines staff, proposing to freeze, rather than terminate, most of its obligations with unionized employees.

http://www.aviationweek.com/aw/generic/story.jsp?id=news%2Favd%2F2012%2F03%2F08%2F01.xml&headline=Shifting+Tactics%2C+AMR+Offers+To+Freeze+Pensions&channel=comm

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