Originally Posted by
flyallnite
I'd be very surprised if the company sits on its hands until mediation. By doing so they lose control of the process. They have much to gain by inking a new agreement in a timely manner. They have problems that need solved and investors who need reassuring. Whatever the case though, we didn't sign a concession filled agreement for a small net pay increase. We retained higher paying 757's and still gained more 100 seat flying. Our profit sharing remains intact and projected profits are astronomical. One thing for them to remember; you can pay me now, or pay me later, the price will only increase over time. It's in their best interest to find a reasonable solution sooner than later.
Not sure how either side loses control over the process via mediation.
Scoop