Originally Posted by
Chuck Essential
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The initial 8% hourly pay increase in the TA is significantly offset by the JV production balance, sick leave, and productivity concessions. Next year, the 6% is almost totally offset by the profit sharing conversion (assuming a PTIX of at least $6 billion), but we get about 1% more in vacation and training pay. Any raises granted to more than 30% of our fellow employees will be matched for us, up to 3% annually. In all, we realistically stand to not realize the initial net increase and probably not much more, if any.
Council 1 Captain Jon Lewis, Chairman First Officer Eric Hall, Vice Chairman
Council 20 Captain Bill Bartels, Chairman First Officer Rich Wheeler, Vice Chairman Captain Tom Bell, Secretary-Treasurer Council 54 Captain Jud Crane, Chairman First Officer Roger Goodwin, SecretaryTreasurer Council 66 Captain Tom Brielmann, Chairman First Officer Chris Hazleton, Vice Chairman Council 108 First Officer Ryan Schnitzler, Vice Chairman
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After the TA failed, the Negotiating Committee Chairman challenged any of those named at the bottom of this statement to provide proof of the speculative financial impact analysis and not a single one of them could give an explanation based on facts. Several of them were asked during their own LEC meetings to provide the proof and, again, they could not.
The only defense they had was their admission that the statement was provided by a third party and none of them had come up with this analysis, but they believed it to be true, nonetheless, and published it.
It was a pure conjecture and it was published by this group in an effort to bolster the vote against the TA.
The initial 8% raise was offset by some concessions that would probably be quantified in the 1-2% range. To state that the 1/1/16 6% raise would be totally offset by the Profit Sharing giveback is inaccurate. The PS plan was untouched for the 2016 earnings year with a normal payout in February 2017. So for the 2016 earnings year, there would have been a 6% raise on earnings NOT offset by PS reductions.
However, in 2017, the PS reductions would have taken effect, virtually eliminating the 6% 2016 raise. This combined with the 2017 raise of 3% would have actually yielded a paycut for 2017 vs. 2016.
It really matters not, as the proposed TA was rejected overwhelmingly. The Negotiating Committee has put forward a proposal with substantially more value for the Delta pilots.
Jim Villers
P2P Chairman