Posts tagged bankruptcy

    Congress’ Vote on Delphi Pensions Bailout Shows Problem With Putting Unions Above Law

    July 28, 2022 // Congress is set to vote this week on HR 6929 to retroactively bail out the pensions of about 20,000 former Delphi auto-parts employees who had their pensions reduced beginning in 2009. This proposed bailout, the Susan Muffley Act of 2022, is different in a number of ways from the recent no-strings-attached $97 billion bailout of about 250 select union pension plans, but it highlights the problem of lawmakers putting powerful unions above the law and requiring taxpayers to pay for their wrongdoing. Delphi Salaried Retirees Association, Bruce Gump, James Sherk, Todd Zywicki, Auto Bailout or UAW Bailout? Taxpayer Losses Came From Subsidizing Union Compensation,

    Scandinavian Airlines files for bankruptcy in the US after 1,000 of its pilots voted to strike over failed pay negotiations

    July 7, 2022 // The strike comes after failed negotiations over pilot pay and working conditions. The union warned of a strike on June 9 after it issued a notice of conflict to the company, but the two sides failed to reach an agreement. Roger Klokset, SAS's pilot union head, responded to the Chapter 11 filing, saying the company never had "the intention of entering into an agreement with the SAS pilots," the Washington Post reported. Roger Klokset, SAS pilot union, Chapter 11 bankruptcy, Carsten Dilling, Anko van der Werff,

    Unions rally for striking Alabama miners

    April 8, 2022 // The miners began a strike more than a year ago against Warrior Met Coal in Brookwood. The UMWA organized a caravan today to show support for the miners, who union leadership said last week now number around 900. Members of the United Auto Workers, United Food and Commercial Workers, Association of Flight Attendants, and Unite Here were expected at the event.

    Union official blasts Tuberville for Warrior Met Coal strike hearing comments

    February 21, 2022 // Larry Spencer, vice president of District 20 in the United Mine Workers of America, in a letter to Tuberville (R-Alabama) dated Friday, said the junior Alabama senator had not “reached out in any way to help get this matter resolved.”