Originally Posted by
Timbo
I've got a strategy to achieve Restoration:
1. Post a full financial accounting of the BILLIONS of dollars, yearly, since we took a 42% pay cut. Then chart that vs. today's earnings, and vs. Management's pay for the same 10 years past.
2. Track those dollars, vs. Delta's profits and debt reductions.
3. Account for the lost DB money, and non-funding of the Delta Pilot's DB going forward, vs. our DC plan money.
4. Start putting together info and videos from the Negotiating Committee about how much money the Delta Pilots have contributed over the past 10 years, to Save Delta. And where did the money come from for the Stock Buybacks and Dividends? Oh...yeah...from US!
What pizzes me and a lot of other Senior pilots off is, DALPA won't even MENTION the word, Restoration, never mind show the math on HOW MUCH MONEY the Pilots alone have been contributing to Delta's Record Earnings now, and for the past 10 years! And how much money our DC plan saves them, vs. our old DB plan, and crank up the Family Awareness meetings to get the troops riled up.
I'm not saying I want the DB plan reinstated, but I sure would LOVE to see the difference for the company funding that, vs. contributing 14% of pay rates that are still below 2001 levels. They are still on the hook for Billions in NW's Frozen DB pension liabilities, but they flushed the Delta (south) pilot's down the toilet. Where's the accounting for that?
5. Go to Wall Street and start telling them that before the next Billion Dollar Stock Buyback, or Billion in Dividends is distributed, the Biggest INVESTORS, who SAVED DELTA, want to be REPAID!! NOW!! And if we are NOT repaid, sh!t is going to start happening which WILL impact earnings.
Do any of you remember how we got our C2K pay rates in the first place???
Here's a hint; the MEC beat the RESTORATION drum loudly, for many months.
But this time around....
Complete silence, like the biggest pay and benefit cuts in the history of the industry, NEVER HAPPENED, all while the 3 Majors are now posting the highest earnings in the history of the industry!!
W. T. F. is WRONG with these MEC guys?
No goals, no plans, no strategy, NOTHING!
Fill out your survey....?
REALLY?
You mean to tell me they FORGOT what we gave up?
Or they 'lost' the 2012 surveys?
You wonder why DPA even exists?
That's why!
Without "Labor Risk", what do we have?
4-8-3-3.