Originally Posted by
Corndog
Fair enough. Those events destroyed lives and families. With the gravity of losses and continued reduced demand, there is no guarantee they won’t furlough, ask for more concessions, or use bankruptcy down the road. I would be surprised to see a LONGER TERM (longer than 6 months or so maybe?) no-furlough agreement. It would disappoint me if they offer it because it would be an obvious lie to think they know at this stage that they can keep that promise. Bankruptcy is definitely a possibility without a meaningful rebound as well.
I still think an ALV cut is a very different staffing solution than a rate cut (especially 32%). I also believe SILs are harmful to jobs vs. an ALV cut.
But I wasn’t here for the bankruptcy and I would probably think differently if I was, especially with the same executive on the team. Was there anything like an ALV cut offered then?
Thats interesting because not too long ago the company thought SILs were legitimate ways to cut some costs and temporarily solve staffing issues.