February 15, 2012
Mr. Jeff Brundage
Senior VP – Human Resources
TWU as you know has been diligent in preparing to meet with American to address the complex issued raised in this bankruptcy proceeding. We are working round the clock to evaluate the financial issues raised as well as to look at a means of addressing those concerns in an effort to save jobs, save careers, and save the company.
We therefore propose an early out program. We believe it to be a program that is both sensitive to the concerns of loyal employees, while also addressing the cost concerns of the company. It is in short a fair and humane alternative to the draconian lay off measures currently being contemplated by the company.
The program would entail a buy out for those eligible for retirement as well as for those not yet eligible for retirement benefits. The specific proposal will be submitted separately.
We look forward to a discussion about this program which we believe to be advantageous to the company and to TWU employees.
James C. Little
Download the Early Out Proposal