Originally Posted by
sailingfun
If we could monetize the profit sharing at this years profit level it would be incredibly stupid not to do so. The company is highly unlikely to go for that deal.
There have however been no discussions with the company on profit sharing or about a early contract opening contrary to your posts.
I think any proposed trade off would be incremental like the last one. We'd get X% raise on DOS, of which part would be a PS trade off, and then COLA or sub-COLA "raises" each year for the duration of the agreement.
The final number would all be called a "raise" though, regardless of the context. So what will that percentage be? That's the question.
I agree that we gave enough in PS, and we need to be willing to agree to whatever "raise" we get independant of any profit sharing reductions.
But if our predicted PS payout will be in the 10% range just to keep the math simple, would you be OK inking a 10% DOS "raise" with 3% yearly [potentially sub]COLAs with the complete elimination of PS? Cause I'd say no deal to that all day long.