AMR Officer Says Unions Not Alone In Facing Cuts In Ch. 11

Law360, New York (May 23, 2012, 4:58 PM EDT) -- Bankrupt American Airlines Inc. parent AMR Corp. did all it could to cut costs companywide and didn't just target unions, the company's chief restructuring officer testified in New York bankruptcy court Wednesday as the company defends its bid to cut labor costs.

CRO Beverly Goulet said the company “scrubbed” all areas of its business to see where it could reduce costs as part of its decadelong restructuring efforts and that its request for permission to nix union contracts under Section 1113 of the Bankruptcy Code so...
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