Originally Posted by
ShyGuy
I mean, you do realize, especially last year, they literally changed the formula to ensure a close to 5% payout would happen for 2020 right?
I did the math. Back then it was supposed to be 70% profit, 10% safety, 10% brand, and 10% something else. Putting 0 for profit at 70% weight, the math I got showed about a 1.15% payout for profit share. They did readjust the formula to make it more focus-related and increase the payout 4x as much. We got 4.98% in a year everyone else got $0.00 and a year we lost $1 billion+ (and billions of losses at other airlines).
Now 2021 was a full annual loss overall and you’re getting 6.225% payout. For me, using the calculator that looks like one month of pay (at 75 hr guarantee). Obviously PBP is contractual, but the terms inside of it can be changed at their whim and to be fair, at least they changed metrics around to make sure there was at least close to a 5% payout.
Yes, the contract negotiations are stalled, feet dragging, etc. But if you are honest, they at least did the PBP numbers in the employee’s favor. Especially for 2020 and for 2021 as well.
The strike fund suggestion seems premature, and I’m surprised a local LEC would make that suggestion when the AS MEC has not said so.
Doesn't matter the financial gymnastics they used to come up with the bonus payment.
I'm just saying that the cushion gets built up over decades because of having salary expenses that are below industry averages. They therefore come out smelling like a rose by looking like the benevolent employer that still gave us PS, even during years when losses were made.
It's contractual, but being shrewd business men, they got us to sign off on them paying us every year end with our own money,
and they hope that the blind gratitude of some of us, might allow them to once again get away with a "business as usual" contract when the time comes around.