Originally Posted by
DeadHead
Hey hypothetical question.
Is it possible to create a contract that ties in secondary raises to debt reduction thresholds?
(i.e. once company debt is reduced to $8 billion pilots get a 4% raise)
Additionally, can predetermined penalties be put in place that kick in automatically when the company fails to comply with the PWA? (scope comes to mind)
I figure logistically management would never sign off on it because of the liability that goes along with it.
Great idea!
How about adding an inflation index to the end of the agreement as well. ie: inflation is raging at some %--we get "cost of living" increases.
My opinion here -- This all sounds great, but everyone has to realize that anything we write down in a pwa costs something, some negotiating "capital" is spent for every damn line in that book.