Originally Posted by
sailingfun
The company needs to conserve cash. I am not in favor of pay cuts. I would however be in favor of deferred compensation. I would take 25% of our current compensation for the next 6 months as deferred compensation with a repayment schedule to commence in one year. That eases the companies current cash issues yet preserves our current pay rates for future negotiations.
agree with Sailing here...and I’ll second Navy Flyer. Give the company 12 to 18 months to pay it back at most, I was spitballing this last night, only with 20 percent deferred as my number. Give them 6 months to pay it back with maybe 3 percent interest rate? Any pilots retiring in that timeframe get paid out at date of retirement. ABSOLUTELY must be at CURRENT rates.
I am also ok with lowering the ALV by 15 hours to help prevent as many furloughs as possible.
I haven’t contacted my reps yet, what do you guys think?
ps, it’s getting ugly enough with out us turning on ourselves with new vs old guy stuff, Say focused out there!