Originally Posted by
Scooter432
Yes, retro is emotional. By my numbers on my earnings I’m due close to 100k.
Just raising the question here, before I get trampled on. Do we expect the company to pay out 1.5B in retro on top of contract by all estimates will be 2B or so? I think we need to get realistic here. Yes, retro holds the company accountable for dragging this out, but if folks think they are all going to be getting 100-150k checks plus rates from mid 20s/30% (on top of contractual gains) are going to be very disappointed.
In light of the impending economic environment that could get ugly fast , turning down a solid win contract over retro will cost us in the long run. Saying it here now on record. At some point time value money ( can’t believe I’m saying a Moak term) does come into effect.
We need to see the whole contract holistically and see how much the bonus/retro ends up being under that lens.
Yes, we do expect full retro. It is a debt for back wages. Airbus and Boeing get paid for debt on airplanes, we expect payment for debt on back wages.
Don't pay rent = Eviction
Don't make car payment = Repossession
Don't pay back wages = We ask to withhold services
Full retro based on inflationary raises in 2020, 2021, 2022 is cost neutral on wages and concessionary on QOL. You never recover lost QOL. Even with a full retro payout, the company has benefitted greatly from stalling. Payment of 2023 rates for labor in 2020-2022 would be a bit of a stretch.