American Airlines and Labor Negotiations

[Kev3188]

Yeah, you'd think that but here we are...

 

[blue collar]

It most certainly is

1. Not everyone will contribute to a 401k so the company saves the 4% match, and now those who don’t or can’t finance their own retirement will take a hit.
2. Now if you contribute to the 401k that’s less take home pay.

Just because the company ‘saves’ the 4% match doesn’t make it concessionary. What IS concessionary is having your benefits slashed because the fund is in the red zone. That has a much greater effect on someone than the company ‘saving’ on a 4% match. As far as the less take home pay? 4% pre-tax will be unnoticeable, and can build up a lot over time.
One thing is for certain: the members who will solely rely on the IAMNPF will have to stay working LONGER to retain the same amount of benefits they were originally ‘sold’. Why their union continues to fight for this is insane.

 

[texasreb]

For the record, I don't see Parker around much longer. 17 years as Chairman/CEO of a company which has foundered and fallen behind against the two other legacy competitors, and it may be time to use the "I-Want-To-Spend-More-Time-With-My-Family" trope.

Be careful what you wish for. Last time we ended up with Horton.

 

[texasreb]

It most certainly is

1. Not everyone will contribute to a 401k so the company saves the 4% match, and now those who don’t or can’t finance their own retirement will take a hit.
2. Now if you contribute to the 401k that’s less take home pay.

I'm happy with my 401k. The economy is rolling and making money. Now if I had that extra company match I would have alot more cash for retirement.

 

[WeAAsles]

Upnaway It takes a pretty foolish person to believe everything Doug says given his track record. You just made yourself look like a tool.

 

[MetalMover]

Donnie boy no friend of unions. We should do well with a PEB!

https://www.usatoday.com/story/news...-twitter-over-labor-union-support/3616779002/

 

[Jester]

Be careful what you wish for. Last time we ended up with Horton.

Not sure that I would call it a "wish", but more or less a commentary on under performance with the company's assets. Both Delta and United are 2x-3x greater profit margins than American, this isn't a marginal difference. Frankly, any company being squeezed on profit margins would be far less generous on contract proposals, as investors have expected rates of returns for the level of risk. I very much desire a very profitable company using the existing resources, as well, regardless of whoever would be in charge. The Board and investors will eventually tire of Parker's under performance and demand change.

 

[WeAAsles]

Love how all the Management suck asses cheered Doug Parker when he gave a Rah Rah speech and put down the Unions.

Brian Parker stood his ground though. I probably would have gotten fired.

 

[WeAAsles]

Be careful what you wish for. Last time we ended up with Horton.

Horton was only brought in to run the Airline through Bankruptcy.

 

[blue collar]

And yet you totally ignored those members especially those not topped out that can’t afford to finance their own retirement, that’s a concession.

I didn’t ignore anyone. They’d be better off getting the 5% contribution from the company vs the iamnpf. Their benefits will continually get slashed, because not enough employers are getting into it, and their liabilities keep rising. Keep telling yourself it’s a concession, that’ll make it true.

 

[Tim Nelson]

I didn’t ignore anyone. They’d be better off getting the 5% contribution from the company vs the iamnpf. Their benefits will continually get slashed, because not enough employers are getting into it, and their liabilities keep rising. Keep telling yourself it’s a concession, that’ll make it true.

+1
visit me in pbi sometime bro.

 

[ALUS78]

Love how all the Management suck asses cheered Doug Parker when he gave a Rah Rah speech and put down the Unions.

Brian Parker stood his ground though. I probably would have gotten fired.

Parker did say they will put out a more comprehensive proposal/contract.We shall see the scope language i think there are exaggerations on both sides.This should put that to rest. On the other hand there os likely going to be a grey area that will leave more questions

 

[Tim Nelson]

Donnie boy no friend of unions. We should do well with a PEB!

https://www.usatoday.com/story/news...-twitter-over-labor-union-support/3616779002/

Weez and Juan Elvira are misleading people when they say that a PEB may be the next step.
Because if the nmb rules for the company then the next step is a cooling off.
Thats what Im hoping for because that forces a contract vote and strike vote prior to the 30 days.
While im hoping for a ratification, here is where it gets politically interesting. If the membership voted no then its possible that the govt and the company would force a strike, knowing that 80% would cross to finally get their protections, money, and increased benefits.
Then the 20% of strikers will be replaced and gone packing.

 

[Kev3188]

Just because the company ‘saves’ the 4% match doesn’t make it concessionary. What IS concessionary is having your benefits slashed because the fund is in the red zone. That has a much greater effect on someone than the company ‘saving’ on a 4% match. As far as the less take home pay? 4% pre-tax will be unnoticeable, and can build up a lot over time.
One thing is for certain: the members who will solely rely on the IAMNPF will have to stay working LONGER to retain the same amount of benefits they were originally ‘sold’. Why their union continues to fight for this is insane.

I didn’t ignore anyone. They’d be better off getting the 5% contribution from the company vs the iamnpf. Their benefits will continually get slashed, because not enough employers are getting into it, and their liabilities keep rising. Keep telling yourself it’s a concession, that’ll make it true.

+1

I can’t think of a better way to never retire than to stick with a floundering retirement plan.

 

[ALUS78]

Love how all the Management suck asses cheered Doug Parker when he gave a Rah Rah speech and put down the Unions.

Brian Parker stood his ground though. I probably would have gotten fired.

Im not sure if "past sacrifices" is a leg one could stand on before a PEB or arbitration .Yes he held his own considering as parker said the room was 80% managers