The TWU plans to pocket 5 percent of our promised 4.8 percent equity stake, allegedly to administer the distribution of shares. Shouldn’t the company pay for that? That’s what the Teamsters negotiated for its members at Global Aviation and YRC Freight – the company agreed to pay the administrative costs for equity distribution.

WATCH THE VIDEO: Click here to watch the video of one of our co-workers, Eric Stone, talking about the TWU’s equity stake debacle.

The Teamsters NEVER take money from the company. For Teamster pilots and flight attendants at Global Aviation – which owns World Airways and North American Airlines – the company is paying for the costs of administering the trust which holds the equity for the Teamster-represented groups. That includes professional fees and the compensation paid to the trustees. It does not come as a deduction to the equity value! Likewise, at YRC the company paid the fees in an equity grant to Teamster members.

So why is the TWU making us pay for the distribution of our equity shares? As Brother Eric Stone says in the video, “The TWU is taking millions in expenses and legal fees from the 5 percent they’re withholding.” Eric points out how outrageous the TWU’s actions are and why we are fed up with their dishonesty. “As a Teamster supporter I’m tired of being lied to by the TWU. These shares will never make up for the concessions we’ve had to endure.”

Click here to WATCH THE VIDEO and share this with your co-workers.

With the TEAMSTERS We Will WIN!

For more information, visit the AA Mechanics for Teamsters website or call the hotline at 877-589-4951.

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