Reuters: Bankruptcy News: UPDATE 1-AMR, pilots agree on language for new labor proposal

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UPDATE 1-AMR, pilots agree on language for new labor proposal Nov 9th 2012, 22:45 Fri Nov 9, 2012 5:45pm EST By Nick Brown Nov 9 (Reuters) - Bankrupt AMR Corp and its pilots' union have agreed on language for a new labor deal to be voted on by union members, the union announced on Friday. AMR, parent of American Airlines, has been in talks with its pilots as it tries to reduce labor costs and emerge from bankruptcy. The union's board on Friday presented a "counter-proposal" to offers from AMR management, which the company accepted, according to the statement. But the contract still has to be ratified by union members, who rejected a previous labor proposal in August. Union spokesman Dennis Tajer on Friday would not disclose specifics on the tentative deal, but said it was "industry-standard, which has been our goal all along." Last week, Tajer told Reuters the union had been seeking a deal on par with competitors like Delta Air Lines, particularly on issues of pay and outsouring flights to pilots not represented by the union. A spokesman for AMR had no immediate comment. AMR declared bankruptcy last November, saying it needed to cut more than $1 billion a year in labor costs. It has already reached new collective bargaining agreements with its flight attendants' and ground workers' unions. It is hoping to exit bankruptcy as an independent company, but smaller competitor US Airways Group is making an aggressive push to acquire it. AMR's unions, including its pilots, have said they would prefer the company be acquired by US Airways, and have already reached tentative labor terms with US Airways should it achieve a takeover. AMR's bankruptcy case is In re AMR Corp et al, U.S. Bankruptcy Court, Southern District of New York, No. 11-15463. Link this Share this Digg this Email Reprints

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