Originally Posted by
Jetlinker
DO NOT succumb to management scare tactics guys. At XJT, we foolishly went down this path. Same scenario. Doom and gloom if we didn't give in. What a crock of sh!t that turned out to be. We gave the money back and management walked away with $35 million in golden parachutes when the place was sold to Uncle Jerry.
In the end, it made no difference whatsoever. DON'T DO IT. FULL PAY TILL THE LAST DAY!!!
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES.
1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results.
OR
2.
Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses.
I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting.
You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK.