New Bid Rumor
09-20-2007, 05:43 AM
#131
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
I don't think the company wants to lock out the over 60 crowd with a huge bid right before age 65 becomes law.
1) For those who are 60-62, you get a good return for training costs incurred. I believe this compares favorably with the higher cost per hour in pay. Getting newhires on the property is more expensive than some believe.
2) The company has a choice to pay passover if they don't like the return for sending a 63 or 64 year old back to training. Totally up to the company. In some cases the courses would be shortened.
If bids don't go to 3 years you would have younger guys bouncing from seat to seat anyway. Keeping the older guys in the seat and upgrading some over 60 guys will save a ton in training costs. On the flip side, paying passover for a couple of years might not be as expensive to the company we think. It puts a hold on a TON of A plan payouts.
Don't forget---It reduces the lifespan on future A plan collectors as they spend more years at work.
We could call this A plan reduction legislation.
1) For those who are 60-62, you get a good return for training costs incurred. I believe this compares favorably with the higher cost per hour in pay. Getting newhires on the property is more expensive than some believe.
2) The company has a choice to pay passover if they don't like the return for sending a 63 or 64 year old back to training. Totally up to the company. In some cases the courses would be shortened.
If bids don't go to 3 years you would have younger guys bouncing from seat to seat anyway. Keeping the older guys in the seat and upgrading some over 60 guys will save a ton in training costs. On the flip side, paying passover for a couple of years might not be as expensive to the company we think. It puts a hold on a TON of A plan payouts.
Don't forget---It reduces the lifespan on future A plan collectors as they spend more years at work.
We could call this A plan reduction legislation.
Last edited by Gunter; 09-20-2007 at 05:48 AM.
09-20-2007, 03:47 PM
#135
Gets Weekends Off
Joined APC: Jan 2007
Posts: 331
Originally Posted by Gunter
I don't think the company wants to lock out the over 60 crowd with a huge bid right before age 65 becomes law.
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Wouldn't moving folks from the back seat into a front seat cause a similar "reverse" training cycle? Then you get into the costs of moving your lowest paid (less than 15 year) people out and replacing them with your highest paid (more than 15 years). Additionally, if you can keep these folks at the panel, not only do you get them cheaper, but you also cut into the number of years you will pay them a retirement...a definite win/win for the company.
The only thing I am sure of is that the company has costed this out and already know their plan of action....we'll find out eventually.
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