https://www.alpa.org/advocacy/cta/covid ... mic-relief
Grant recipients are prohibited from conducting involuntary furloughs or reducing pay rates and benefits until September 30, 2020
Any air carriers that accepts a loan must maintain its employment levels as of March 24, 2020, to the extent practicable and cannot reduce its employment levels by more than 10 percent through September 30, 2020.
Protections to preserve and maintain the integrity of collective bargaining agreements and contract protections:
For grant recipients, these protections from federal government demands for labor concessions lasts until September 30, 2020.
For loans, this protection is in effect until one year after the loan is paid.
Collective Bargaining Provisions
The collective bargaining provisions in this legislation are a significant victory for labor and are in stark contrast to the situation following 9-11 when the government demanded that carriers seek labor concessions as a condition for receiving aid. The provision does not, however, prevent management from approaching unions for concessions or from filing for bankruptcy protection. It only prevents the government from demanding that carriers that receive assistance secure contractual relief from their unions.
Part of this funding will be secured by the issuance of impacted business’ stock to the federal government.
And here is the billhttps://www.alpa.org/-/media/ALPA/Files ... .pdf?la=en