ABX Done Flying For JAL?
. We're on the same side.
11-12-2012, 08:39 PM
#62
Gets Weekends Off
Joined APC: Jul 2008
Posts: 862
I'm not an expert on what happened to those particular pensions but I believe that they were terminated during bankruptcy while severely underfunded. ABX's plan has not been terminated, and ATSG is not in bankruptcy, so our situation is quite a bit different. ATSG has the obligation to fund the frozen pension in accordance with federal law. Article 22 of the CBA provides for the termination and lump-sum cash-out of the plan when it reaches a funding level that will support it. The DHL money that was put into the plan back in 2009 went toward reaching that threshold.
11-13-2012, 06:53 AM
#63
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Joined APC: Nov 2012
Posts: 43
I guess all you ATI guys and, ugh, Cappy guys are salivating over the possibility of getting the pay and benefits that we actually fought for. I'm sorry to dash your hopes but I don't see it happening. At this time, the performance and reputation of ABX is the only thing keeping this corporation alive. I just don't see management risking losing that by bringing in the second string.
11-13-2012, 06:55 AM
#64
Gets Weekends Off
Joined APC: May 2008
Posts: 110
I guess all you ATI guys and, ugh, Cappy guys are salivating over the possibility of getting the pay and benefits that we actually fought for. I'm sorry to dash your hopes but I don't see it happening. At this time, the performance and reputation of ABX is the only thing keeping this corporation alive. I just don't see management risking losing that by bringing in the second string.
11-13-2012, 07:11 AM
#65
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Joined APC: Jul 2012
Posts: 92
I guess all you ATI guys and, ugh, Cappy guys are salivating over the possibility of getting the pay and benefits that we actually fought for. I'm sorry to dash your hopes but I don't see it happening. At this time, the performance and reputation of ABX is the only thing keeping this corporation alive. I just don't see management risking losing that by bringing in the second string.
11-13-2012, 07:17 AM
#66
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Joined APC: Apr 2007
Posts: 1,872
Yea and the whole cargo industry wants to work for ATI....I bet ATI HR is getting resumes from pilots at FDX ,ATLAS, UPS, ABX etc, etc by the truck full. I could say the same..... I don't know 1 person that wants to work for ATI.... including me. You guys forget you are the ones losing money huh.
11-13-2012, 07:22 AM
#67
Gets Weekends Off
Joined APC: Apr 2007
Posts: 1,872
"Us" ....have you forgot ATI is loosing its A&# right now! This pension /retirement money did not come from "you"....what is the value for ABX to be vested in a company (ATI) that is downsizing and loosing money....
11-13-2012, 08:47 AM
#68
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Joined APC: Nov 2012
Posts: 43
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