Any links to TWU equity (stock) distribution committee meeting dates ?

[Bogey]

Good question...

Maybe they should base share distribution on industry average wages that way the groups at rock bottom in respect to the average will get more and those groups who enjoy top of the industry average wages will get less....!!

Or... Calculate how much Title I has lost in HALF SICK PAY over the past decade and add that to the Title I shares!!

Or... Those who enjoy 6 weeks vacation in their contract get less than those who only get 5!!

I don't know the fair and equitable way to allot the shares but if TWU history is any indicator M&R will get the short end of it!

Nothing personal...

I don't take it personal,,,, I didn't think there were any groups that had 6 weeks of vacation in the TWU, but I don't know for sure. I do know the company wanted the 6th week from dispatch, but instead of taking a week from 15-20 people, they took one day from everyone, top to bottom. That covered the concession the company wanted.

 

[AANOTOK]

Good question...

Maybe they should base share distribution on industry average wages that way the groups at rock bottom in respect to the average will get more and those groups who enjoy top of the industry average wages will get less....!!

Or... Calculate how much Title I has lost in HALF SICK PAY over the past decade and add that to the Title I shares!!

Or... Those who enjoy 6 weeks vacation in their contract get less than those who only get 5!!

I don't know the fair and equitable way to allot the shares but if TWU history is any indicator M&R will get the short end of it!

Nothing personal...

...or maybe by how many times a work group has tried forming/changing unions and failed!

Nothing personal... (just kidding guys, just kidding)

 

[rifbound]

It should be based on 2080hrs
There should be a metric which gives those that gave more up in the bk to get more equity shares.
Retirees do not have to suffer the concessions as active EEs, they should not get equity.

What about those that were on property at the time of the BK? Going by what the FA union says, jan 2009-aug 2012. So those that have retired, elected early out or just quit but were there between those times shouldn't get anything?

 

[DallasConehead]

What about those that were on property at the time of the BK? Going by what the FA union says, jan 2009-aug 2012. So those that have retired, elected early out or just quit but were there between those times shouldn't get anything?

Nope.

 

[Vortilon]

What about those that were on property at the time of the BK? Going by what the FA union says, jan 2009-aug 2012. So those that have retired, elected early out or just quit but were there between those times shouldn't get anything?

Funny you should say that. But that is exactly what I heard is going to happen, and it has got some of these guys furious.

 

[iluvaa]

Yep was told by 514's e-board that the early outs don't get the equity stake. Another fine TWU move

 

[DallasConehead]

Yep was told by 514's e-board that the early outs don't get the equity stake. Another fine TWU move

They're not active, they're not suffering the concessions. They've taken their little pot of gold and left. Why should they be eligible for any of it?

 

[iluvaa]

Any early out even the ones still on payroll til sept what about that

 

[Birdman]

They're not active, they're not suffering the concessions. They've taken their little pot of gold and left. Why should they be eligible for any of it?

Those who left recently, early out/ retired/quit/whatever suffered the same concessions in 03, no amendable 2008 contract settled till 2012, and now no $33.02 an hour job with great benefits compared to the average Joe. I thought the equity was for past pain and suffering?

 

[Flying low]

Any early out even the ones still on payroll til sept what about that

Weren't the Tulsa early outs forced to leave at the end of last month?
Maybe there was a reason for it....

 

[Tex-Mech]

Those who left recently, early out/ retired/quit/whatever suffered the same concessions in 03, no amendable 2008 contract settled till 2012, and now no $33.02 an hour job with great benefits compared to the average Joe. I thought the equity was for past pain and suffering?

Not sure what 2003, 2008 or taking the money and leaving has to do with equity that based on the scope, pension, and me-too relief. Those things don't effect a person once they leave. The crappy and useless stock options we got in 2003 was for the last debacle, not this one. http://www.twu.org/blog/tabid/84/vw/1/itemid/463/twu-equity-stake.aspx

 

[Birdman]

Not sure what 2003, 2008 or taking the money and leaving has to do with equity that based on the scope, pension, and me-too relief. Those things don't effect a person once they leave. The crappy and useless stock options we got in 2003 was for the last debacle, not this one. http://www.twu.org/blog/tabid/84/vw/1/itemid/463/twu-equity-stake.aspx

So one union calls the equity stake "retro pay" and informs their members in Aug. 2012 enabling them to make informed decisions on early out and another breaks it down in another way after many have already left. What a contrast. Since we don't know who the TWU will distribute their equity stake to, 10 months after the APFA members knew, all speculation and debate is futile.

 

[OldGuy@AA]

This conversation took place at the Tulsa maint. base last week: Stock clerk "Do you think mechanics should get more from the equity settlement than the other work groups?" Mechanic "Yes." Stock clerk " Why?" Mechanic "Mechanics took more concessions than all other work groups and still have inferior benefits than you or any other work group." Stock clerk "So?"

 

[iluvaa]

Weren't the Tulsa early outs forced to leave at the end of last month?
Maybe there was a reason for it....

no there's plenty still there

 

[OldGuy@AA]

Apparently the early out retirees were sent notices that they will not receive any of the equity distribution.