what ever happened to "Thanks for your YEARS of service", "In appreciation, we are going to offer you a seniority number", "you may not start right away but in time you can feel safe in knowing you will accruing seniority".

But......NOOOOOOOOOO

Airways is going to accept 3 pilots max/month.
You have to give up your personal employment file.
You cannot have upgraded or become a new hire in the past 12 months.
You lose seniority/longevity/flow back rights etc....

Basically airways is saying "This document will limit the amount of pilots we can afford to lose at PSA. It puts you at a disadvantage, and offers you nothing in return for your years of service. BTW you have no choice to agree. ALPA is signing it on your behalf".
The DOL cannot protect you against this unfair hiring practice because of this document.