Originally Posted by
scambo1
Cool. Thanks for straightening me out I read the slide quickly (and therefore wrongly).
My pleasure. The reality isn't thrilling, and the retrospective between 2007 and 2011 is depressing, but the 2010 - 2011 comparison is not as heinous as it sounds. I'm not saying that in the context of RJ's or scope, simply in terms of whether we're losing a lot or not from today: it doesn't look like what we announced amounts to much. The overwhelming majority of the cuts in the chart were those that might have caused a furlough the winter before last.
What's kind of noteworthy in the webcast is how much Bastian is selling labor peace, and our "relationship". I hope he sells it well, because he's going to need to pay higher delivery fees soon. "There are no open contracts" he says. For a fee, that might remain true.