The Cost of a Furlough
10-12-2020, 10:41 AM
#32
Line Holder
Joined APC: Aug 2019
Posts: 73
I struggle with the concept of not giving anything if ALL other SW employees kick in at least 10%. As long as the one year, 10% concession has a drop dead date and original rates kick back in on 1/1/21, I could go along with it. There cannot be any force majeure for an extension. I would also recommend a snap back if TSA passenger accounts go above 2M. I would also recommend a one time 10% extra pilot bonus the first time the company pays out any executive bonuses, or has an annual net income of $500M. If times are still tough at 1/1/21, and we need to furlough, then so be it.
Before y’all go crazy on me, yes I have been through the regional furlough system in 2009 and I have an MBA. This is not about the money, it is about optics. It currently appears that we are all fine with #savedean as long it is with the company’s money.
No the concession will not be the last dollars that save the company and likely will not be what saves the furlough. It is more important demonstrating participation to receive govt funds and collegiality. We can’t think or portray we are above it all, when other employees are facing similar or greater short falls in their income. If all other groups are participating, we should as well.
Before y’all go crazy on me, yes I have been through the regional furlough system in 2009 and I have an MBA. This is not about the money, it is about optics. It currently appears that we are all fine with #savedean as long it is with the company’s money.
No the concession will not be the last dollars that save the company and likely will not be what saves the furlough. It is more important demonstrating participation to receive govt funds and collegiality. We can’t think or portray we are above it all, when other employees are facing similar or greater short falls in their income. If all other groups are participating, we should as well.
He’d rather take money from us and our families than withhold money from fat cats and from his fellow execs in the form of the compensation they receive based on stock price incentives.
The terms of the government loan are pretty onerous ... And I think what's near and dear to shareholders' hearts are restrictions on dividends, which I object to, and share repurchases. I object to that as well. We're not paying dividends and buying back shares now, but obviously we'd like to have that flexibility in the future.
10-12-2020, 10:47 AM
#33
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,803
BINGO! I’m glad some of you see that that’s exactly what they’re trying to pull.
10-12-2020, 11:28 AM
#34
Gets Weekends Off
Joined APC: Jul 2008
Posts: 843
10-12-2020, 01:22 PM
#36
Furloughed Again?!
Thread Starter
Joined APC: Aug 2007
Position: Boeing 737
Posts: 4,804
Dispatchers just got a TA. They had already given up overtime back in May. Sounds like the Company let them off the hook with just that plus the EXTOs and VSPs.
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10-12-2020, 02:06 PM
#37
Gets Weekends Off
Joined APC: Jul 2013
Position: 175 CA
Posts: 1,544
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