www.goiam.org
A court-appointed independent examiner would investigate United’s decision to pursue Section 1114 modifications to retiree medical benefits and determine whether the company engaged in fraudulent and deceitful practices to encourage active employees to retire. “Given the sacrifices already made by United’s employees, modification of retiree healthcare benefits is both insensitive and unnecessary,” said Randy Canale and Scotty Ford, District 141 and 141M presidents representing IAM members at United.
IAM attorneys will
attend a hearing in bankruptcy court before Judge Wedoff on February 20,
2004 to support the appointment of an examiner to investigate United
Airlines’ actions.
The proposal comes on the heels of plans by Air Canada investor Victor Li to force employees at the carrier to surrender their defined benefit pension plans and accept defined contribution plans. Under defined contribution plans, a worker’s retirement income is uncertain and relies on the performance of speculative investments. “It’s an absolute piece of crap,” said Canadian GVP Dave Ritchie of the new benefit and pension proposals. “The fact is, these guys have known the rules of the game from Day 1, and now they are threatening that they’ll walk away. We are not going to be bullied.”
After difficult negotiations, IAM members at Air Canada
ratified agreements in May 2003, providing the insolvent airline with
$220,000,000. A key condition of the agreement was the protection of the
current pension plan. “It’s more than I would predict, but I’m not running for reelection,” said Standard & Poor’s chief economist David Wyss. The economy has shed more than 2.9 million jobs since January 2001, giving President Bush the worst job creation record of any president since Herbert Hoover.
The lack of new jobs
is rapidly emerging as the central issue in the 2004 election season.
Despite signs that the economy is slowly recovering, the reluctance of
businesses to hire new workers and the loss of entire U.S. industries to
outsourcing and offshoring is leading many potential voters to press
candidates on their plans to restore high paying jobs to the U.S. economy. All members need is his/her postal code.
There is a prewritten letter members can use, or, edit it to say what they
wish. Members can send two faxes - one with his/her home postal code and
one with his/her work postal code. This way, they get more faxes and
hopefully start thinking seriously about passing the bill.
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