Allied Pilots Association Board of Directors Approves $660 Million in Yearly Savings; 'Next Step is 14-Day Membership Ratification Process'.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--March 31, 2003 The Allied Pilots Association (APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated. APA - Application Portability Architecture ), collective bargaining collective bargaining, in labor relations, procedure whereby an employer or employers agree to discuss the conditions of work by bargaining with representatives of the employees, usually a labor union. agent for the 13,500 pilots of American Airlines (NYSE NYSE See: New York Stock Exchange :AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ), released the following statement this afternoon concerning the negotiations between APA and American Airlines management: "After intensive, seven-day-a-week negotiations for the past month, the APA Board of Directors has approved a Tentative Agreement that provides American Airlines management with the $660 million in annual cost savings that they have been seeking from the pilots. The next step for APA is a 14-day membership ratification process during which all APA members in good standing will have the opportunity to vote for or against the Tentative Agreement. "At this juncture, we are not prepared to release specifics of the Tentative Agreement. As soon as we have provided our membership with details of the Tentative Agreement, we will make that information available to the public." That is the full text of the statement. Founded in 1963, APA is headquartered in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. . |
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