Executives at the unit of AMR Corp. (AMR.N: Quote, Profile, Research) are determined to seek union help in cutting costs and raising revenue while avoiding pay cuts beyond $1.8 billion in concessions granted by employees after the airline came close to bankruptcy in 2003.The strategy goes against what Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) and Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) -- both of which filed for Chapter 11 bankruptcy protection -- are doing: Seeking wage reductions and also possibly convincing judges to let them stop funding pension plans.
Yea just a little...still I would do what a famous president said..."Trust..but verify"
It's best to get the unions on board in order to benefit from the expertise that's gained by doing a job every day. As all of you know, there are tens of thousands of employees witnessing examples of inefficiencies daily. If management is serious about reading AND implementing what the employees and/or unions put in the suggestion box, then AMR will save a bunch more money than they will by cutting pay and benefits.