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FOR IMMEDIATE RELEASE Washington, D.C., August 24, 2012 – Members of the International Association of Machinists and Aerospace Workers (IAM) at Hawker Beechcraft Corp. in Wichita, KS voted overwhelmingly today to approve a pension plan modification that preserves members’ ability to retire under current terms of the plan. The contract change also protects existing retirees’
Read moreFOR IMMEDIATE RELEASE Washington, D.C., August 24, 2012 – The International Association of Machinists and Aerospace Workers (IAM) today welcomed the decision by the U.S. Bankruptcy Court in New York to deny a $5.3 million bonus plan for eight senior executives at Hawker Beechcraft. In a ruling that concurred with the IAM objection to the
Read moreFOR IMMEDIATE RELEASE Joliet, IL, August 15, 2012 – The International Association of Machinists and Aerospace Workers (IAM) District 8 today announced that a tentative agreement with Caterpillar Inc. will be presented for ratification to members of Local 851 in Joliet, IL who have been on strike against the heavy equipment maker since May 1,
Read moreFOR IMMEDIATE RELEASE Washington, D.C., July 25, 2012 – Calling it a thinly disguised effort to reward top executives at Hawker Beechcraft for achieving “routine, short-term and not particularly challenging” tasks, the International Association of Machinists and Aerospace Workers (IAM) today filed a formal objection to a proposal that would grant up to $5.3 million
Read moreFOR IMMEDIATE RELEASE Washington, D.C., July 16, 2012 – The International Association of Machinists and Aerospace Workers (IAM) today filed papers in U.S. Bankruptcy Court opposing an attempt by Hawker Beechcraft, Inc., to expedite the sale of its assets to a little-known Chinese company, Superior Aviation Beijing Co., Ltd. (Superior). “The proposed sale of Hawker
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