Thread: XJT Paycut
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Old 10-06-2008 | 05:03 PM
  #65  
Gmeter
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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
Spoken like a true "company man"..
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