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On 4/3/2003 9:30:30 AM delldude wrote:
there are contractual provisions i think with all the labor groups spelling out what when and how its dealt with.
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Yes, there are contractual provisions but don''t bank on getting your 5% back. It''s not guaranteed.
What I mean is this; in 18 months, US AIRWAYS will have to shell out deferral pay in the hundreds of millions. I haven''t done the math but at any rate let''s just say a substantial bit of change.
Now, grant you, the following opinion is just assumed but I think it is a reasonable one and at least as valid as any other forward looking opinion, i.e.; that US AIRWAYS may still be hemorraging in or out of Bankruptcy at that time and tell its employees it simply doesn''t have the money without tanking the airline. Would you agree that it is certainly a possible bargaining position. Some might even go further and say it is the ''design'' of the deferral to do such a thing.
Now the question is, do you trust that your union [after their rhetoric of course] will enter a new bargaining room without employee consent to do so?
And lastly, where have we seen this before?
At any rate, we all hope to receive our 5% deferral payback in full but I am cautious to accept it as something guaranteed just because it is in contract form.