Originally Posted by
Jett i son
Section 11.D.
Section 25.
R. 4. a. 1.
If the number of red days in a bid month exceeds 25 percent in any one category/domicile,
the Company will decrease the minimum required reserve coverage threshold to allow for the approval of a greater number of net credit loss transactions.
CS has control over red days, as long as there are max 7 red/month.
I haven't read the arbitration awards (1-3), but technically as written, the company could publish a reserve grid with ALL RED. Not meeting the 25% threshold they could make one day green by one reserve and be in compliance with the letter of the CBA. There is no requirement to ever reach the 25% threshold.