IAMAW District Lodge 141 President and Directing General Chairman Michael G. Klemm, visits IAM Local Lodge 1932 members with Grand Lodge Representative Kris Hannah, in Los Angeles.
“American Airlines wants to slash the pay of its employees; they want to outsource jobs,” Sanders told the crowd. “They want to take away health care benefits, and they want to abolish its defined benefit pension plan.”
“This is exactly what Americans are sick and tired of. And it’s not just American Airlines. Companies make good profits in America, and then they shut down and move to some desperate developing country.”
“American Airlines is not a poor, struggling company,” Sanders continued. “Last year, it made a net profit of $1.4 billion. This is a company that had enough money to pay its CEO, Doug Parker, over $19 million in compensation last year. This is a company that had enough money to buy back $15 billion of its own stocks during a five-year period.”
“So, today I say to the CEO of American Airlines… You damn well have enough money to pay your workers a decent wage with good benefits.”