Originally Posted by
Vikz09
I guess all this discussion of profit sharing has me a little bewildered. The question has to be asked.
If management wants to provide us more in hourly salary to return some of the profit sharing percentage. My rebuttal and hesitation would be to ask. Why would they be so gracious to offer us more money for this so called "at risk" compensation? Surely, they would have to realize that if things go south and the airline makes little or no profit that the current system is designed to protect them in a down economic environment.
Conversely, in a growth and earnings environment like we have now, profit sharing and the current percentage splits cost them a substantial amount. It will be very apparent to me, if profit sharing is reduced and offset by higher hourly wages that management is keenly aware they did so to save money over the long run.
Beware of those who offer gifts (in this case increases in pay) with our debt being reduced to nearly nothing in the next few year's I see LARGE profits and so does management! A 10% increase in pay rate may appear as a win however, the loss of profit sharing money could be in excess of any raise provide. Caveat emptor!
I agree. It is going to take a HUGE pay raise to make up for the profit sharing money and the normal raise we have coming under this next contract with record profits. If I was Delta mgmt., I would be trying to reduce the PS amount too..That is their job to get us to work for as little as possible.