Originally Posted by
Tomahawk58
It does not!
The retirement piece becomes a 13.5 percent DC plan. There's is a slight reduction in pay for some of the buckets (btw, ask the NWA guys how much they took in pay cuts during their BK process!). There are changes to work rules, benefits, and scope.
Actually, there ARE no guarantees now. Termination of the A plan is still a possibility (now or in the future) and the B-plan is proposed to be dumped into the pathetic Supersaver 401(k) which many believe to be a vehicle as much for the interests of AMR and JPM, then for those whose money is in it.
But, it's clear as a SUPPOSEDLY senior pilot whose appears his only interest is milking out your final 5 years or so, you'd just be concerned with your situation and not the remainder of the disaster the majority will have to endure for the next 10-15 years. The pension issue, is but one issue and for those who have another 10-15 years, it's not that simple.
Yes, "getting yours" is obviously what you're about as who cares about what's in your rear-view mirror ?
Originally Posted by
Tomahawk58
Guys, I'm not offering up a pretty picture here, this is tough going. But when I hear how Mr Parker and Kirby are going to save us all while at the same time citing 1.5-2.0 billion in cost savings(over and above what AA has already laid out) and increased revenue, I don't buy it!
Folks will always hear what they choose to hear throughout this process, but there are no easy answers!
Sustained profitability = healthy company.....period! All else is a smokescreen!!
This forum doesn't have any impact anyway. What has the impact is what's happening and believed among those on the line and within the APA and from that standpoint, IMO you have little sympathy.
IMO, Horton won't have a "healthy company" as he will have hopelessly poisoned the well in a service-oriented business. Additionally, it appears the media, analysts and a growing number of creditors are angling toward what the employees already know, that the plan so far doesn't address AMR's PRIMARY problem, that of revenue generation. AMR is simply on a scortched-earth game plan of labor-cost decimation and union busting.
6,500 pages of labor cost complaints is all I've seen. If you want to have an impact, why don't you tell your bosses to actually negotiate as per the chapter 11/1113 provisions, instead of embracing their "take-it-or-leave-it" attitude ?
After all, considering that 1113 which is WAY over-reaching, it's looking more and more likely not only the pilots, but all of labor is in fact going to heed AMR's demands and leave it.
Don't worry.........I doubt you'll be displaced to Philly.
