Thread: XJT Paycut
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Old 10-06-2008 | 06:16 AM
  #24  
WeaselBoy
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From: Eff Oh Won Fo Fife
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Originally Posted by tpersuit
I'll put it simply for you. If the company is telling us the truth that we will lose $35 million and they will go Bankrupt. Going bankrupt would more than likely lead to another regional replacing our flying. So I hope you can understand most of us at ExpressJet DO NOT want to have pilots from those regionals telling us to VOTE NO or not. Leave the decision up to us.

Now if we take these cuts and our profit sharing goes up drastically, any profit over $30 million results in 50% give back to the employees and anything over $90 million results in a complete snapback. Plus our management have already taken a 10% paycut and they can not give themselves ANY RAISES until we get our pay back. If they give themselves a raise, we get FULL SNAPBACK
I always love how people are frivolous when it comes to other people’s jobs. “Full pay to the last day, unless it’s my last day.”

Do what you think you need to do as a pilot group. If the profit sharing will make up for the pay cut, cool. If you guys can get the snapback provisions in writing, even better.

I think all of us other regional wage slaves will be watching this closely to see how you guys play it.

Good luck.
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