Hopefully we Find out today what the plan is for the next month from the union and the company.
It sounds like the big stimulus package that would bail out the airlines is still being worked on in Washington. Senators have been saying they want strings attached to any help such as not laying off employees and employees still receiving full pay.
My question is If we agree to less pay (reduces line value from 70 guarantee) to help the company ahead of this stimulus being passed and the company then pursues a grant or loan from the government after the stimulus passes in the next few days do we grandfather back to current book full pay as the senators described they wanted as part of the terms??
If we are taking a pay cut to buy Jude a month or two and he furloughs us anyway the pay cut could reduce what we are entitled to in unemployment (50% off your weekly income up to $740 per week for 26months currently in MN).
Are we getting ahead of our skis to early on this. Should the company and the union wait to see what the government comes up with to help the airlines??
What if we agree to cuts today and next week the government announces parking all the domestic flying for 30days starting April 1st to slow down the spread of COVID19. And the government says they will pick up the tab on the shutdown. In that scenario would we get our agreed to 42hr line value or grandfather back to 70hr guarantee??
Just some scenarios I’ve thought about. I’d be curious to get anyone else’s thoughts or opinions on this?