Originally Posted by orvil

John posted this at Facebook. I thought it was an interesting trip down memory lane. This is why PS is being given away too cheaply.


"We share the same opinion on the TA overall. I just want you to consider the following:

profit sharing (which was diminished in our last agreement) was negotiated when the company was raping us in bankruptcy. So you may ask why they would give something so "valuable" away? It was to shut us up in court, and they never thought it would pay in this manner. And it was a raping we took. Meanwhile, the big boys, would laugh, scoff and refuse to accept only two months of "at risk" compensation.

Here is what we lost in letter 51 (when/where we got profit sharing), 14% pay (on top of an earlier 32.5%), loss of 6th week vacation, diminished vacation accrual, vacation day to 3:00 hours per day, loss of defined benefit, loss of life time disability, gutting of survivorship plan in retirement, loss of medical coverage in retirement, the 76 seat RJ, the 1st change to sick leave (all of us on the same sick leave year and reduction in full pay), reduction in international pay, and loss of night pay.

Some of the above has been restored. When the rest has, I would be willing to talk about changing profit sharing. Meanwhile, IMO, they owe us about 1.5 billion per year in back pay."