Thread: Hold My Bier
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Old 08-27-2020 | 06:58 PM
  #16  
MagooFlew
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Originally Posted by Hedley
It’s not about being a company cheerleader. Those guys are hard to find. The company stuck with their 30% number for a long time. They said from the beginning that if demand was down X%, we would adjust staffing and cost to match. When we were originally told about the 1750 followed by 2 more chunks of 250 each, we were surprised that it was “only” 2250 when many were expecting 3000-4000. They never said that the first wave of WARN notices was the final plan. They then came out and said that unless things change, we could be looking at 3900 or more. That 3900 works out to about 30%. If things don’t change, they will reduce the headcount by more. They never said that the 2250 would be the total furlough number, they never said that there would only be one round, and they never said that any plan would be rigidly adhered too. We have a tendency to hear what we want to believe. The reality is that they said that they would have to match the airline to demand if a recovery didn’t happen soon to avoid bleeding to death. We have acquired financing to hold out a little longer, but that money has to be paid back with interest and we are bleeding bad. It is because of this that unfortunately there is a reason to announce more furloughs, and there is a reason to accelerate them. We are in survival mode and even though we are burning less cash than others, it is unsustainable. This is going to shake the industry to the foundation, it is far from over, and the industry will most likely look different for years to come. What airlines could have been is irrelevant at this point. This is about surviving and adapting to what comes after this is over.
...”Now stop,” Max said . . . and sent the wild things off to bed without their supper. ...
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