Originally Posted by
Floyd
I don't get "the new paint job is going to cost us our beloved profit sharing or contract" mantra. The planes have to be painted anyway.
So instead of Frankie Smoothtalk's golden parachute it's now the Blue Puerto Rican Hair Net. In keeping with a Caribbean pastel color motif of course.
Yes the planes have to be painted anyway. But....we are in contract talks. For those of you who haven't been through one, every excuse under the sun will be used to justify not paying pay raises. "We're rebranding the airline. That costs money." Money they say will not be available for the contract.
Do not believe for one minute that there is only X amount of money. And all the expenses, including the contract, have to come out of the bucket.
We are paid what we are worth, which comes down to how we negotiate, not if the planes are painted or not. Hence the thinly veiled sarcasm in the above post.
So, this is one reason I believe profit sharing is a red herring. That does come out of profits. If you buy a whole fleet of new ground equipment, no money left in profit sharing. One way to spin the numbers to reduce the payouts. Yes, they cook the books. Lots of ways to do it. I know many are up against retirement savings limits, and taxes, but pay rates are in black and white, profit sharing is not. I'm for better pay rates, and forget about profit sharing.