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Old 12-20-2011 | 03:41 AM
  #49  
DMEarc
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Originally Posted by BoilerUP
I like how concessionary decisions ALWAYS have to be made in an extremely compressed time frame...but contract negotiations for wage & work rule improvements take YEARS. Very strategic in this case, as it more or less prevents a pilot group vote (especially around the holidays? YGBSM) and would lay it directly at the feet of the MEC.

If 'all' they are asking for is 5%, what's the worst one could reasonably stand to lose at the hands of a bankruptcy judge?

I don't work there so I have no skin in the game, but this has been played out many times before...even at the regional level. And if BK is the best way to restructure the company financially, pilot concessions aren't going to do jack squat to prevent them from filing.

"All of this has happened before, and will happen again."
I could be wrong, but you can negotiate that if you give 5% now and the company goes into BK, then pay is restored. That way a BK judge would cut your pay based on your current CBA, not an already 5% cut.
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