TWU-IAM Association thread
- Thread starter Buster CRC
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- casino and july 4th
Bend over we will be lucky to get a contract by 2025 this ASSociation can not even get there **** together between themselves. The company is laughing there ass off. We should be meeting with the company in a couple of days not waiting for the ASSociation getting together in freaken July.
WeAAsles
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- Oct 20, 2007
- 23,473
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Might have been on to something in waiting just a little while longer and letting some things play out?
Delta Wants Less Profit-Sharing
That’s not all that Delta wants, however. Since Delta is making big money, it wants to follow American’s lead and actually reduce profit-sharing. It thinks it’s paying out too much. To get that, however, Delta has to raise wages to make up for it.
So, on the date of signing this agreement, wages go up 8 percent. Then next January, they go up another 6 percent with 3 percent raises in both January 2017 and January 2018. The contract becomes amendable again at the end of 2018.
In other words, on January 1 of next year when the current contract would be amendable, the pilots will be paid nearly 15 percent more under this new contract.
Profit-sharing, however, will be reduced. Today, Delta pays 10 percent of profits of up to $2.5 billion on the year to pilots. (That used to be 15 percent, but it changed in the last contract.) This won’t change. But there’s another threshold where Delta pays 20 percent of profits over $2.5 billion on the year to the pilots. Now that Delta is making big money, it thinks $2.5 billion is too low. So this will move the 20 percent threshold all the way up to $6 billion in annual profit.
http://crankyflier.com/2015/06/11/deltas-tentative-agreement-with-pilots-could-mean-higher-wages-lower-profit-sharing-and-more-airplanes/
Delta Wants Less Profit-Sharing
That’s not all that Delta wants, however. Since Delta is making big money, it wants to follow American’s lead and actually reduce profit-sharing. It thinks it’s paying out too much. To get that, however, Delta has to raise wages to make up for it.
So, on the date of signing this agreement, wages go up 8 percent. Then next January, they go up another 6 percent with 3 percent raises in both January 2017 and January 2018. The contract becomes amendable again at the end of 2018.
In other words, on January 1 of next year when the current contract would be amendable, the pilots will be paid nearly 15 percent more under this new contract.
Profit-sharing, however, will be reduced. Today, Delta pays 10 percent of profits of up to $2.5 billion on the year to pilots. (That used to be 15 percent, but it changed in the last contract.) This won’t change. But there’s another threshold where Delta pays 20 percent of profits over $2.5 billion on the year to the pilots. Now that Delta is making big money, it thinks $2.5 billion is too low. So this will move the 20 percent threshold all the way up to $6 billion in annual profit.
http://crankyflier.com/2015/06/11/deltas-tentative-agreement-with-pilots-could-mean-higher-wages-lower-profit-sharing-and-more-airplanes/
robbedagain
Veteran
- Oct 13, 2003
- 11,125
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Its my understanding that JCBA talks are to begin July 6th supposenly the company wants to have deals in place. theyre in a rush to get deals in place upon ratifying an agreement we would get a 4.1% raise just like other groups got when they got the JCBAs. This info came from union rep who visited my station recently. I made clear to him we must grandfather in all current cities and that we shall not give up anything but some how some way Im sure we will lose something but what.....
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