Romney’s Firm Instructs American Airlines to Sack 13,000 Workers
soflorattler:
On Wednesday, February 1st, American Airlines announced that it will take the advice of Mitt Romney’s firm, Bain Capital, and lay off 13,000 workers -15 percent of its workforce- replacing their pension plans with 401(k) plans and ending company-paid retiree healthcare.
The lay off announcement came only seven days after American Airlines hired Bain Capital to guide it through a bankruptcy procedure for which the airline had filed last November.
American Airlines spokesperson told the Wall Street Journal, the cost of hiring Bain – hourly fees of up to $1,100- as “a usual and necessary part of the Chapter 11 process. We will be reviewing these costs carefully to ensure that they are monitored and managed appropriately.”
Cholly:
ONCE AGAIN leaving Taxpayers on the hook for the sake of Bains profit. >:(
Bison66:
SoFlo,
What is MOST interesting to me is that the "LIBERAL" news media seems not to have picked this up.
A google search shows NO MSM sources for the story, unless you count HuffPost which I don't.
On the other hand, personally, I don't buy that in 7 days, Bain would have had time to evaluate the situation and recommend a RIF of that size. Just doesn't add up, for me - UNLESS some Bain folks were consulting before the big contract was signed.
However, here's the killer quote out of the story about Romney:
“He’s talking about creating jobs,” says Transport Workers Union President James Little, but “he’s not a job creator. He’s a job cremator.”
http://www.inthesetimes.com/working/entry/12643/mitt_romney_american_airlines_bankruptcy_bain_transport_workers_union_flori/
O0
Cholly:
Couple of weeks ago:
http://www.msnbc.msn.com/id/46110533/ns/local_news-miami_fl/t/aa-union-vows-protest-romney-florida/
81alphaeagle:
Quote from: Cholly on February 06, 2012, 10:34:09 PM
Couple of weeks ago:
http://www.msnbc.msn.com/id/46110533/ns/local_news-miami_fl/t/aa-union-vows-protest-romney-florida/
Lining his pockets and busting a union at the same time.
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