Originally Posted by
EWRflyr
You are right, I probably exaggerated a tad since I was angry reading his comments to the press.
But if you think about it, immediate loss of pay, freezing of the pension plan? You don't think freezing the pension plan hurt a lot of pilots to the tune of more than 40% of what they could expect as "pay" in the future? I know apples to oranges.
I'm not a big fan of hyperbole as I believe it undercuts any good position, but your 40% was not ridiculous. I believe C02 was sold as a roughly 26% reduction in the overall value of C97. When you add up the obvious (compensation, retirement, vacation, PBS) and throw in the "minor" tick me off stuff, that 26% figure seems realistic, if not conservative. To regain a 26% contract value cut would take a 34% increase in contract value. That's as of Jan. 1, 2009. Throw in inflation and you're looking at about 40% before you even begin talking about the additional "synergies" from the merger. Think about that... then think about what the execs are getting for this merger when it comes time for the up/down vote on a JCBA.