21% You Got It

[usairways_vote_NO]

enjoy

Judge approves 21 pct pay cut at US Airways
Fri Oct 15, 2004 02:15 PM ET
ALEXANDRIA, Va., Oct 15 (Reuters) - A federal judge on Friday approved most of US Airways' (UAIRQ.OB: Quote, Profile, Research) request to slash the pay and benefits of its union workers in a bid by the bankrupt carrier to save money and survive.

Stephen Mitchell of the U.S. Bankruptcy Court for the Eastern District of Virginia approved a 21 percent pay cut for thousands of workers at the seventh-largest U.S. airline. The carrier had sought a 23 percent reduction in wages.

klloololo

 

[USFlyer]

Wow, I was expecting him to approve 15-17 percent. He gave the Company almost everything it wanted salary-wise.

 

[TransatlanticFlyGuy]

Thanks alot AFA! :angry:

 

[usairways_vote_NO]

Wage cuts good only until feb 15... authority to reduce fleet size is granted.....

goodbyeeeee

 

[DCAflyer]

Thanks alot AFA! :angry:

[post="191271"][/post]​

Excuse me.. the AFA fought phuking hard for you. It's sad that this is what is happening in corporate America... if you don't like it, head to the polls next month. But Teddy, et al did a bang-up job and the legal team presented some very compelling arguments. At least it isn't the 23% for six months that the company wanted. But don't blame AFA because it's not their fault.

 

[F/AinDay]

Thanks alot AFA! :angry:

[post="191271"][/post]​

Aww, come one now! AFA and the other unions did there best to try and sway the judge against these paycuts. Did you honestly think that the judge wouldn't cut pay at all?? It was just a matter of how much.

 

[LaBradford22]

Excuse me.. the AFA fought phuking hard for you. It's sad that this is what is happening in corporate America... if you don't like it, head to the polls next month. But Teddy, et al did a bang-up job and the legal team presented some very compelling arguments. At least it isn't the 23% for six months that the company wanted. But don't blame AFA because it's not their fault.

[post="191273"][/post]​

AFA managed to tug Judge Mitchell's heartstrings enough for him to give back 2%. So don't say AFA didn't do anything for you. Of course, 2% is probably roughly equal to Union dues ... carry on.

 

[livingontheedge]

Details please!!! Anything decided about the pensions? Management salary cuts? Outsourcing granted? CWA's LOA argument? Vacations, holiday, etc?

 

[N628AU]

Any word on the other things they were looking for, such as the maintenance outsourcing?

As for heading to the polls next month, neither candidate you vote for is going to change any of this.

 

[usairways_vote_NO]

UPDATE 1-Judge backs 21 pct pay cut at US Airways
Fri Oct 15, 2004 02:39 PM ET
(Adds detail, background, byline)

By John Crawley

ALEXANDRIA, Va., Oct 15 (Reuters) - A federal judge on Friday approved most of US Airways' (UAIRQ.OB: Quote, Profile, Research) request to slash the pay and benefits of its union workers in the bankrupt carrier's bid to save money and survive.

Stephen Mitchell of the U.S. Bankruptcy Court for the Eastern District of Virginia approved a 21 percent pay cut for thousands of workers at the seventh-largest U.S. airline. The carrier had sought a 23 percent reduction.

The cuts will affect all union workers at the airline, including pilots, flight attendants and mechanics, unless they reach negotiated contract concessions with US Airways.

The court also granted the carrier flexibility for new maintenance outsourcing as well as work rule changes.

US Airways chief executive Bruce Lakefield said the wage cuts were a regrettable but necessary step. "This provides an opportunity to successfully complete our transformation plan," he told reporters outside the court.

The company wants to restructure as a low-cost carrier.

US Airways filed for bankruptcy for the second time in two years on Sept. 12. Within weeks, it sought court-imposed wage cuts after failing to negotiate concessions with its big unions to save more than $850 million annually.

Since asking Mitchell to force contract modifications, the airline has reached a tentative agreement with its pilots union for $300 million in givebacks. A ratification vote by the Air Line Pilots Association is scheduled to conclude next week.

Negotiations are ongoing with flight attendants, mechanics and service workers but no deals are in sight. Led by the International Association of Machinists, those unions strongly object to the cuts, saying the company has not demonstrated a need for them.

 

[Winglet]

It doesn't matter. Lakefield's clowns will squander that away too. Shut the place down, take your unemployment, and vote a different set of clowns in the White House.

 

[Res]

effective when...? anything retro ?

 

[Bear96]

Thanks alot AFA! :angry:

[post="191271"][/post]​

Um, maybe you are missing a few key facts...

1. *Management* asked for the cuts. Not AFA.

2. *The court* granted it. Not AFA.

3. Oh yeah, and your employer is BROKE. As in, can't pay the bills. (That's the reason behind all that silly Ch.11 stuff.)

So this is AFA's fault... how?...

 

[TransatlanticFlyGuy]

Um, maybe you are missing a few key facts...

1. *Management* asked for the cuts. Not AFA.

2. *The court* granted it. Not AFA.

3. Oh yeah, and your employer is BROKE. As in, can't pay the bills. (That's the reason behind all that silly Ch.11 stuff.)

So this is AFA's fault... how?...

[post="191286"][/post]​

Hmm, well AFA knew before we filed Chap 11 that this imposed pay cut COULD be imposed and now it IS.
I know the company is in a dire situation but i would have rather AFA reached a TA with the company pre-Chap 11 and take what I believe was a 13%-14% pay cut that this 21% cut.

 

[USFlyer]

What does the IAM have to say about the outsourcing being granted?