Originally Posted by
DALMD88FO
I agree with most of the guys here about profit sharing. Keep your hands off. From what I understand, and this was from our union guys, we sold the profit sharing in C2012 back at too low a value. I don't know how we could have been so far off about the future profits with a pilot on the BOD and our EF&A guys doing their jobs.
I like the idea of negotiating a contract with new payrates then saying ok now if you want to talk about profit sharing it's going to be on top of those rates. I'm sorry but 4,8,3,3 just didn't seem like a good value when you had to give something up to get them. I know, I know the time value of money.
One of the internet smart guys here needs to do some background work on RA. Rumor has it that one of the reasons he does not worry about labor strife is that he has never let a contract expire. Meaning he always comes to some sort of deal. If that is the case I wouldn't keep throwing that 2-3 years and the NMB around so that everyone gets scared. Especially not our own union.
The value of the profit sharing we sold can never exceed 2% of your salary. It can range from 0 to 2% but never more. It was sold to bump 6.5% up to 8.5%.