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Old 05-07-2015, 12:11 PM
  #3981  
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Originally Posted by Timbo
Have you guys seen today's rumor on the ChitChat board?

9,6,4,4, with reductions in profit sharing to help pay for it, oh, and other manning concessions too.

Supposedly leaked by an insider to get a reaction.

Kind of like CDO's I guess.
Well my reaction is twofold, vote no and send in my renewed DPA card.
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Old 05-07-2015, 12:14 PM
  #3982  
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Originally Posted by Boatbuilder
Well my reaction is twofold, vote no and send in my renewed DPA card.
Doesn't matter, you're in the minority. It will pass easily just like last time.
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Old 05-07-2015, 12:18 PM
  #3983  
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Originally Posted by Timbo
Have you guys seen today's rumor on the ChitChat board?

9,6,4,4, with reductions in profit sharing to help pay for it, oh, and other manning concessions too.

Supposedly leaked by an insider to get a reaction.

Kind of like CDO's I guess.
Well my reaction is twofold, vote no and send in my renewed DPA card.
I agree with the poster that indicated "why rush to a substandard agreement?" The profit sharing check is going to be real $$ the way the contract is written now. If the company is so determined to lessen the percentage they must know this is likely to continue.
It's gonna take a good bit more than 9/9/6/4 for me to vote yes on anything that degrades the PS payout. It could easily be 25% this year.
Time value of $$ folks.
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Old 05-07-2015, 12:26 PM
  #3984  
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Why is it AA can get a double digit raise day one, and we can't?
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Old 05-07-2015, 12:43 PM
  #3985  
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Originally Posted by Check Essential
We'll get credit on the next earnings call.

Bastian will tell the analysts that the new pilot contract is not only self-funded, if you count the loss of profit sharing for all employees then the company will actually have lower labor costs if ALPA signs this deal.

Now that right there is some constructive engagement.
Exactly! Not only the profit sharing, they will also get some 'productivity gains' out of us so just like last time, they can tell Wall Street,

"It was a Cost Neutral contract."
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Old 05-07-2015, 01:08 PM
  #3986  
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Originally Posted by shiznit
Not a loss, but a shift of dollars to Section 3.B instead of the Section 3.I where it currently is.

10% of $2B= 200m
pilots are roughly 35% of the pool.
35% of 200m = 70m
1% of pay is around 25-27m
So 70m/27 = roughly 2.59%

Not a gain or loss... Just a move.
In C2012 we went from 15% of first $2.5 billion to 10%. Wasn't the percentage reduction 2.6%?

Wouldn't this be more like 6%?

Delta will make $6 billion this year and $10 billion in 2016.

Why would we self fund? Why would we accept date of signing hourly rates less than those that are 11 years old?

We send boy scouts to negotiate with gladiators.
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Old 05-07-2015, 01:29 PM
  #3987  
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Originally Posted by scambo1
We must be close, the stock is already reacting.

This is more than a rumor.

Write your reps!
Interesting. So a coordinated leak from management that included some Wall Street players.

My rep (whom I trust) said this is leak is straight from the company to put negotiators on the defensive and induce some pressure to finish the deal. He assured me no deal is imminent.
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Old 05-07-2015, 01:53 PM
  #3988  
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I have what may be considered a stupid question but I'll ask anyway.

Why is pay banding bad? I've heard that it costs jobs but I don't understand how/why.
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Old 05-07-2015, 02:01 PM
  #3989  
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Originally Posted by Purple Drank
Interesting. So a coordinated leak from management that included some Wall Street players.

My rep (whom I trust) said this is leak is straight from the company to put negotiators on the defensive and induce some pressure to finish the deal. He assured me no deal is imminent.
That could be a tactic. Throw out a straw man that ****es off the masses, and let the peasants think their revolt killed it. Then float a replacement deal which fixes a couple things but still is a stinker. Peasants embrace it as a win.

Machiavellian brilliance, actually.
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Old 05-07-2015, 02:05 PM
  #3990  
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Originally Posted by Falcon20
I have what may be considered a stupid question but I'll ask anyway.

Why is pay banding bad? I've heard that it costs jobs but I don't understand how/why.
It reduces training churn, by which I mean guys in training which can be quite a substantial percent of the entire pilot group every year. Not only guys in training, but waiting for OE, pilots bought off trips for OE, etc.

Iow, it dis-incentivizes switching between planes which are in the same pay band.

I can be very much for things which streamline company operations. This one, I can't get on board with because it has the potential to require double digit percentage fewer pilots. And not to be oblique, but that could be anywhere from 10-30% fewer (somewhere in there) at various times.

Two new words for the day dis-incentive and oblique. "Give me underboob or give me death." What Nathan Hale really said.

Sent from my iPhone using tapatalk sitting on FTBs couch while he's flying a trip.
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