Originally Posted by
badtransam97
Back on thread topic lol....what’s the consensus on Spirit keeping all their folks in the pool until hiring starts back? Or do you think they will dump the pool and start over once things return to “normal”?
I think they’ll honor the pool as long as hiring resumes before mid-year 2021. As far as staffing goes, even when the vaccine becomes available and the population feels 100% safe, we’ll still be in the middle of a recession. The whole industry will have to shrink between 15-30% initially. Although NK can definitely take advantage of that (and we will), it’s hard to tell how much bigger our bite will be. There might not be furloughs in October if the vaccine is around the corner and the company feels we’ll hit the ground running in 202. If that’s the case, we can wing this by a combination of VILs, LOAs and voluntary furloughs. Now, if the company is looking at a bleak first half of 2021, management will take “aggressive steps into preserving cash”.