AMR Targets Union Contracts In Bid To Advance Talks

Law360, New York (March 27, 2012, 11:18 PM EDT) -- American Airlines Inc.'s parent AMR Corp. sought Tuesday to jettison agreements with three large unions in a move it said was targeted at speeding up negotiations with the unions to achieve expense reductions including yearly labor cost cuts of roughly $1.25 billion.

AMR asked a New York bankruptcy court for approval to reject its agreements with the Allied Pilots Association, the Association of Professional Flight Attendants and the Transport Workers Union of America, stating that the airline has the highest labor costs in the industry, and...
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