Jimmy Neutron
Veteran
- Joined
- Dec 2, 2005
- Messages
- 566
- Reaction score
- 99
March 1, 2007
US Airways Update
TO: All US Airways/IAM Fleet Service Members
Print Update
Dear Sisters and Brothers:
US Airways reported profit for the year 2006 was achieved in no small part to the efforts of Fleet Service employees at both East and West.
Under our 2005 - 2009 IAM/US Airways Fleet Service Agreement, the 2006 profit announcement triggered provisions providing compensation in the form of profit sharing for “eligible†IAM US Airways Fleet Service employees.
“Eligible†IAM Fleet Service employees, as represented under our Fleet Service Agreements, are those employees with W - 2 hourly earnings for the year of 2006. For East employees, all earnings for the period 1/1/2006 thru 12/31/2006 are used to determine profit sharing distribution. For West employees, all earnings for the first pay period after 5/11/2006 (date of certification as IAM represented employees) thru 12/31/2006 are used to determine profit sharing distribution.
Profit Sharing payments should be distributed on March 15, 2007 to eligible IAM/US Airways Fleet Service employees in accordance with the Transformation Plan and IAM/US Airways Fleet Service Agreement.
A question and answer document is being finalized for all IAM members with more detailed information.
I remind all our Fleet Service members (East and West) that in our transition discussions, District 141 is focused on ensuring that all members share in the benefits a new agreement can provide. Although your Transition Committee is hard at work to make a beneficial agreement possible, this can only be achieved through the unity and support of the entire group. Our goal is to gain much more than what a profit sharing program alone can provide.
In solidarity, we remain
S.R. (Randy) Canale
President & Directing General Chairm
What are the thoughts on this?
US Airways Update
TO: All US Airways/IAM Fleet Service Members
Print Update
Dear Sisters and Brothers:
US Airways reported profit for the year 2006 was achieved in no small part to the efforts of Fleet Service employees at both East and West.
Under our 2005 - 2009 IAM/US Airways Fleet Service Agreement, the 2006 profit announcement triggered provisions providing compensation in the form of profit sharing for “eligible†IAM US Airways Fleet Service employees.
“Eligible†IAM Fleet Service employees, as represented under our Fleet Service Agreements, are those employees with W - 2 hourly earnings for the year of 2006. For East employees, all earnings for the period 1/1/2006 thru 12/31/2006 are used to determine profit sharing distribution. For West employees, all earnings for the first pay period after 5/11/2006 (date of certification as IAM represented employees) thru 12/31/2006 are used to determine profit sharing distribution.
Profit Sharing payments should be distributed on March 15, 2007 to eligible IAM/US Airways Fleet Service employees in accordance with the Transformation Plan and IAM/US Airways Fleet Service Agreement.
A question and answer document is being finalized for all IAM members with more detailed information.
I remind all our Fleet Service members (East and West) that in our transition discussions, District 141 is focused on ensuring that all members share in the benefits a new agreement can provide. Although your Transition Committee is hard at work to make a beneficial agreement possible, this can only be achieved through the unity and support of the entire group. Our goal is to gain much more than what a profit sharing program alone can provide.
In solidarity, we remain
S.R. (Randy) Canale
President & Directing General Chairm
What are the thoughts on this?