will fix for food
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- Aug 20, 2002
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Considering how hard good old Doug is working at taking the profit sharing from the work groups that still have it I bet your right, it would have been good over the next few years.UPNAWAY said:
The results are in!
- Thread starter MetalMover
- Start date
Jacobin777
Senior
UPNAWAY said:
Whether Parker took a paycut or not is rather irrelevant. He got stock options..and lots of it over the years.
OP
MetalMover
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I would agree with you here if it weren't such a poor formula. I'll take an increase in pay, small or large, over profit sharing and equity.UPNAWAY said:
WorldTraveler
Corn Field
- Dec 5, 2003
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guaranteed until a company walks into BK and wipes it out.
A wage increase may or may not be larger than a profit sharing.
DL employees systemwide are getting an 8.2% profit sharing check in two weeks. No employees, including pilots, received that much in a pay raise.
A wage increase may or may not be larger than a profit sharing.
DL employees systemwide are getting an 8.2% profit sharing check in two weeks. No employees, including pilots, received that much in a pay raise.
- Banned
- #36
So why are the DL FAs, not making $63 an hour like they did before Chapter 11?
And when a company goes into bankruptcy, they have to negotiate with their employees.
Now besides DL pilots and dispatchers, did anyone at Delta negotiate or vote on the cuts they have taken?
And why are the pilots getting a 20% raise and a huge increase in pensions from 2012-2014 and the non-union employees are getting 3%?
Gee the pilots are unionized and negotiated, everyone else gets crumbs which DL can and does change at their whim.
Why did PMNW unionized employees go better in chapter 11 than their non-union counterparts at Delta?
Your lying again:
And when a company goes into bankruptcy, they have to negotiate with their employees.
Now besides DL pilots and dispatchers, did anyone at Delta negotiate or vote on the cuts they have taken?
And why are the pilots getting a 20% raise and a huge increase in pensions from 2012-2014 and the non-union employees are getting 3%?
Gee the pilots are unionized and negotiated, everyone else gets crumbs which DL can and does change at their whim.
Why did PMNW unionized employees go better in chapter 11 than their non-union counterparts at Delta?
Your lying again:
http://online.wsj.com/news/articles/SB10001424052702304058404577496790953561450
WorldTraveler
Corn Field
- Dec 5, 2003
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BK doesn't stop a company with or without unions from cutting salaries.
DL only needed to watch the level of salary cuts that the unions "let" UA and US do and figure out how to run a business plan with higher salaries -which they have done.
UA and US both emerged from BK before DL and yet DL employees have seen far more and larger salary increases since emerging.
Apparently the guarantees come with lots of fine print.
DL only needed to watch the level of salary cuts that the unions "let" UA and US do and figure out how to run a business plan with higher salaries -which they have done.
UA and US both emerged from BK before DL and yet DL employees have seen far more and larger salary increases since emerging.
Apparently the guarantees come with lots of fine print.
screwed again
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- May 1, 2012
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You're wrong. No you're wrong. You ignore the facts. No you ignore the facts. Geez does it ever end with you two? EVERY THREAD!
WorldTraveler
Corn Field
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screwed,
for anyone to argue that airlines haven't been fully capable of cutting labor costs in BK regardless of union or non-union status is just ludicrous.
There is abundant DOT data accessible in the airline data project of MIT which shows that from 9/11 thru 2009, the amount of overall salary and benefit cuts by network airlines was lowest at AA, then CO neither of which filed for BK in the decade of the 2000s, followed by DL, then NW, then UA, and then US.
Further, US employees have had the largest cuts because they have been in BK twice in the decade... and labor at US has yet to return US employees to comparable levels.
Again, salary and benefit cost information is well reported to the DOT.
If the timeline was pushed out to include AA's BK, then the results would be rearranged but everyone gets the point including AA employees.
It is time for the airline employees to start regaining and the airline industry is better positioned for profitability now than it has been for decades. AA/US will have to deal with the headcount overages they have relative to other carriers but the vast majority of the employees do have the potential for a more stable labor environment than they have seen for years.
AA, like every airline has its strategic challenges but they do continue to have solid revenue generating potential and they also have advantages which are not matched by other carriers.
AA's results ARE a positive step forward and lay the groundwork for a bright future for the company and all of its stakeholders, including its employees.
for anyone to argue that airlines haven't been fully capable of cutting labor costs in BK regardless of union or non-union status is just ludicrous.
There is abundant DOT data accessible in the airline data project of MIT which shows that from 9/11 thru 2009, the amount of overall salary and benefit cuts by network airlines was lowest at AA, then CO neither of which filed for BK in the decade of the 2000s, followed by DL, then NW, then UA, and then US.
Further, US employees have had the largest cuts because they have been in BK twice in the decade... and labor at US has yet to return US employees to comparable levels.
Again, salary and benefit cost information is well reported to the DOT.
If the timeline was pushed out to include AA's BK, then the results would be rearranged but everyone gets the point including AA employees.
It is time for the airline employees to start regaining and the airline industry is better positioned for profitability now than it has been for decades. AA/US will have to deal with the headcount overages they have relative to other carriers but the vast majority of the employees do have the potential for a more stable labor environment than they have seen for years.
AA, like every airline has its strategic challenges but they do continue to have solid revenue generating potential and they also have advantages which are not matched by other carriers.
AA's results ARE a positive step forward and lay the groundwork for a bright future for the company and all of its stakeholders, including its employees.
That was Littles dream, not ours, we were never asked. Little and Co are gone , we are left with the mess.Jacobin777 said:What you should be happy about is that you guys managed to get Horton and his $18 million out only to be replaced with Parker and his $48 million.
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