Originally Posted by
1234
One thing that I don't understand is that you said
But the report says this
...The pilot group gave major concessions in that contract. It was during the disaster of Ron Allen. Guys were on furlough. We were desperately looking for ways to get them back.
But the report says this
The Delta Pilots concluded the 1996 Negotiations arguably possessing the most favorable negotiating leverage presented any Pilot group post-Deregulation.
Also why didn't this report change the way we conduct contract negotiations and ratification. We still vote on a TA before all the language is written (which really bugs me).
On February 20, 1996, Delta and the negotiating committee of the Air Line Pilots Association ("ALPA") reached a tentative agreement on a new, four-year collective bargaining agreement for Delta's approximately 8,000 pilots. The agreement provides for, among other things,
(1) a 2% reduction in base salaries for four years, at which time the current base salaries will be reinstated;
(2) reductions in certain other pay-related areas;
(3) certain productivity improvements, including changes in staffing requirements;
(4) reductions in the Company's cockpit costs on B-737-200 aircraft;
(5) job security protections for currently active pilots and the recall of the approximately 470 pilots on furlough by July 1, 1997;
(6) a prohibition on the Company's engaging in code sharing with respect to aircraft with over 70 seats that are operated by another U.S. airline, subject to certain exceptions;
(7) restrictions in certain circumstances on the Company's entering into new code sharing arrangements involving aircraft operated by foreign airlines;
(8) an early retirement program for up to 500 pilots;
(9) pilot participation in a profit sharing program;
(10) a stock option plan for pilots providing for grants of stock options covering a total of ten million shares of Delta common stock in three installments; and
(11) ALPA's right to appoint an associate non-voting member of Delta's Board of Directors.
Source:
http://google.brand.edgar-online.com...NloHFr1IcDjhz7