AMR (AMR)

The Transport Workers Union, which represents 28,000 workers at American Airlines (NYSE: AMR) and regional carrier American Eagle, has several bargaining units in contract negotiations with American, according to TradingMarkest.com. American has said it hopes to negotiate contracts that help the company be more productive and competitive.
Under the Railway Labor Act, which governs collective bargaining in the airline industry, unions cannot strike without first asking the mediation board to declare an impasse to seek release from negotiations. If the board decides to release the union from mediation, a 30-day cooling-off period must expire before a strike or a lockout can begin.

Mar 5 · 2:26:00 PM · Source: TradingMarkets.com
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by Steve Wieczorek