What you need to know about the IAM
IAM suspected of card fraud at Delta
The IAM withdrew its flight attendant election application in April 2015 after the NMB found that some of the submitted A-Cards contained fraudulent signatures.
Thousands of Delta people have already said no to the IAM
Five workgroups rejected the IAM after the merger with Northwest.
IAM has traded away profit sharing in the past
IAM led the way in giving up profit sharing at US Airways and again at American. At United, IAM’s negotiations on behalf of agents netted them the worst of three profit sharing plans.
The IAM is big business
The IAM’s costs for 2018 – including salaries for union officers and employees – were more than $185 million. Their members’ dues pay for all that.
IAM requires you to pay dues or be fired
Airline contracts typically require employees to be terminated for failure to pay dues.
Negotiations could drag on for years
At ExpressJet (2,100 flight attendants), the IAM has been in negotiations for 7 years – and counting.
The IAM National Pension Fund entered critical status, or the “Red Zone” as of April 2019
This resulted in significant cuts to benefits. The plan is currently underfunded by 11% (as of Jan 1, 2018), meaning that total liabilities exceed total assets. And, the federal government entity that backs the fund financially is itself at risk of insolvency.