Curious To See How Many Would Bite?
- Thread starter apofurlough
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jimntx
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If it's any consolation, AMR uses the same argument for refusing to offer early out to senior AA flight attendants. "We don't have the money." Of course, after fully funding the special executives' retirement plan (SERP) for hundreds of millions of dollars, I'm not surprised.
It seems to me though that their money sources would be more than happy to assist the company by fronting the money for an early out program. For instance, Top of scale (15-years) at AA now is about $44/hr. I was making $22.10/hr when I was furloughed (not the bottom of scale, but you can see it from where I was). If you gave a top-of-scaler $25,000 cash to retire, plus their standard retirement benefits, it would take the company only 16 months to recoup the $25,000 by recalling me. I calculated this on the savings attributed to a minimum 70-hr month.
And, that's just savings on flight pay.
It seems to me though that their money sources would be more than happy to assist the company by fronting the money for an early out program. For instance, Top of scale (15-years) at AA now is about $44/hr. I was making $22.10/hr when I was furloughed (not the bottom of scale, but you can see it from where I was). If you gave a top-of-scaler $25,000 cash to retire, plus their standard retirement benefits, it would take the company only 16 months to recoup the $25,000 by recalling me. I calculated this on the savings attributed to a minimum 70-hr month.
And, that's just savings on flight pay.
The Management is totally responsible for mostly all employees being top of scale workers. For many years now they have known that new hires bring down labor cost. Wolf often talked of this and was one of the reasons for growing into profitibility....remember you can not shrink into Profitibility. All of this has been lost on the current Management. They do not have a vision on where US should be, except for the transferring of mainline flying to RJS where there are not enough seats to break even!!! . If they had a clue as to how to run a company, Early outs would have been offered 2 years ago!!!!
They would rather keep topped out personel, take away vac, benefits, and pay. basically try to make people quit. While rewarding Management with undeserved pay, bonuses.
When they are serious about running an airline, you will see an attractive early out program being offered, as well as growth in MAINLINE flying.
They would rather keep topped out personel, take away vac, benefits, and pay. basically try to make people quit. While rewarding Management with undeserved pay, bonuses.
When they are serious about running an airline, you will see an attractive early out program being offered, as well as growth in MAINLINE flying.
4merresrat
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No, it would not make sense for the company, give it up.
I'm sure someone is always running the numbers and early outs would be offered if affordable, cost effective and do-able.
Its actually good or attractive contract terms that usually keep senior employees around as Colby stated: It's more of .... Im an international Flight Attendant ...I do 3 trips a Month and STILL make over 50,000 a Year...
Why leave if thats the case.
Its actually good or attractive contract terms that usually keep senior employees around as Colby stated: It's more of .... Im an international Flight Attendant ...I do 3 trips a Month and STILL make over 50,000 a Year...
Why leave if thats the case.
Harry Callahan
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Why ?4merresrat said:
OK, I don't understand WHY this cost money. Explain it to me (please bare with me for those of you who get it)....are we talking about people who want something to leave early? or just passes? passes and medical? I was referring to passes only (which I still think can't cost anything) but maybe I've misunderstood.
Hell, who would only want just passes. Passes do nothing if you don't have money to go anywhere. Remember, anywhere you go is going to cost some extra money, if you can even get on a seat. Should be ok, if you just want to fly to BFE. When this job is over for me, it is over. I would doubt very seriously that I would ever get on a plane again. And if I did, I sure as heck wouldn't go through all the trouble of packing a suitcase, loading up, getting through security just to sit all day and wait and then bet bumped and head back home. No thanks. I would pay first.
Look out Southwest here come the USAirways retirees.
Look out Southwest here come the USAirways retirees.
Colby
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Fly, Im sure I will be Corrected but what I think they are looking for is Definately More than just Passes.... They want some sort of Income outside of Social Security... and Probably some sort of Medical Coverage... Unfortunately after 30 years with One company most hadn't really Planned for their Retirement and from what I've heard alot of F/As had Spent above their Means, Harrods of London on that Overnight and lets not forget those with the BMWs and Mercedes OOOPS... Now they are trying to play Catch Up.... Unfortunately I would LOVE the opportunity to Start a Retirement fund... HA HA Yep that's just Great Im now 40 and still haven't been able to Start a Retirement.... Hey Any RICH MEN OUT THERE ??????? LOL C~
Oh, ok....then I understand why they don't do it. Now, I AM asking for nothing more than passes. I've even written a letter to Tilton...lol. Come on Glen, Let me go! 
I don't need money or medical, I just need passes. The idea of actually paying for a ticket blows my mind (therefore, I need passes) 
I don't need money or medical, I just need passes. The idea of actually paying for a ticket blows my mind (therefore, I need passes) apofurlough
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The origional question I asked was if the passes would be enough incentive to the older employees as the company can't afford anything else (their words not mine). From what I am reading, it would not be enough for the FA's or the pilots but how about other work groups. Being part of customer svc, I know we have no pension but that will not change so would passes be enough?
Light Years
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In some ways alot of F/As have selected that option through the voluntary furlough- they recieve travel bennies and thats it while on furlough. There are currently 3000 on this option (out of the total 10,000 on the list, another 2000 or so are involuntary furloughed). Many of those wouldnt return unless they had to, so thats probably a pretty good indication.
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