Originally Posted by xj200capt

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.