Originally Posted by
seahawker01
We are only average in costs, there is not much the judge can reasonably take from us but that depends on what judge we get. Oh btw it will be extremely hard to furlough out of order, as in liquidation hard, so please don't start that rumor again.
Having been in this situation with Mesaba we want to stay out of bankruptcy if we can. Right now the company is only asking me for 5% (I am not in favor - just saying the ask). If/when we go into bankruptcy, the whole contract is up for renegotiation. A 5% pay cut is bad. In bankruptcy the company just has to convince the judge that min day, insurance costs, per diem, needs to be reduced some percentage. Don't fool yourself - EVERYTHING is on the table. And nothing labor says will affect the judges decision.
This is why Tom Wychor wants to stay out of bankruptcy I suspect.
In our bankruptcy we had a few small victories. But nothing substantial was won. I don't want to take a pay cut. I didn't get ANY benefit from the contract or SLI so a pay cut would be a disaster for me.
I don't know if out of seniority furlough is possible. I've heard both sides. But I do know that the judge will do what he can to keep the company alive - not to keep the employees happy. I am not looking forward to it. But I suspect that with the short term things ending in April we will hear some interesting things fairly soon.