Where Is The Rest Of The Money Coming From?

[Dizel8]

The company has said, that it needs 1.5 Billion dollars in savings. About half is extracted from labor, so that leaves half.

I am curious, as to where U mgmnt think that will come from. If the company is so miss managed now, what makes them think they can do better and why wait to implemet until 2007?

Seems more like a crackpipe dream and that mgmnt. is hoping they will come up with something before then, be it increase in fares, low-low oil or a better economy.

Has anyone seen the turnaround plan, that contains these numbers?

 

[michael707767]

It is a very good point. The answer is, they will be back to labor within a year to get the rest of the savings they need.

 

[Hope777]

Very Good Point. Has ANYONE ( Capt ) seen where the Company plans on cutting the other half? Or should I just expect them to come back to me for more cuts. Thank God there is a Minimum Wage.

 

[BoeingBoy]

They will be back. All the talk of having the "golden fleece" of a 1113 letter is nonsense when you see what the company is offering in the way of such a letter - the provisions allow them to ignore it at any time.

Jim

 

[oldiebutgoody]

Sounds to me like the employees may welcome another bankruptcy if it gets these thievin' RSA folks off the property. Even if it goes chapter 7, who could work for what they're offering?