Contract for job security
04-23-2018, 06:26 PM
#1
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Joined APC: Jun 2007
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Contract for job security
We have all seen pilots be made to sign training contracts, or loan agreements with operators.
But has anyone had that be in reverse, where say if the company shuts down the flight department, they owe you wages for a certain amount of time or lump sum.
But has anyone had that be in reverse, where say if the company shuts down the flight department, they owe you wages for a certain amount of time or lump sum.
04-24-2018, 06:23 PM
#3
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Joined APC: Apr 2018
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Originally Posted by sinsilvia666
We have all seen pilots be made to sign training contracts, or loan agreements with operators.
But has anyone had that be in reverse, where say if the company shuts down the flight department, they owe you wages for a certain amount of time or lump sum.
But has anyone had that be in reverse, where say if the company shuts down the flight department, they owe you wages for a certain amount of time or lump sum.
04-24-2018, 06:49 PM
#4
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I agree my mindset came from being out of response to shady companies finding it the only way they can hold onto folks...
However, in the long run what company shouldn’t want to hold on to good help, I’m sure they don’t want to be constantly hiring folks over and over just as most pilots don’t want to keep looking for work. Seems like a good way to attract good help by saying hey we want to give you a good job, and we promise that by standing behind you.
However, in the long run what company shouldn’t want to hold on to good help, I’m sure they don’t want to be constantly hiring folks over and over just as most pilots don’t want to keep looking for work. Seems like a good way to attract good help by saying hey we want to give you a good job, and we promise that by standing behind you.
04-26-2018, 10:02 AM
#5
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Joined APC: Jun 2013
Posts: 40
Originally Posted by sinsilvia666
We have all seen pilots be made to sign training contracts, or loan agreements with operators.
But has anyone had that be in reverse, where say if the company shuts down the flight department, they owe you wages for a certain amount of time or lump sum.
But has anyone had that be in reverse, where say if the company shuts down the flight department, they owe you wages for a certain amount of time or lump sum.
04-26-2018, 11:36 AM
#6
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Joined APC: Mar 2014
Posts: 139
I knew a guy that had exactly this type of clause/contract. He was quitting his current gig to take a job flying/managing a Citation for a guy that had just recently bought the airplane (his first). Knowing that first time jet owners often sell their new toy once they see the bills start coming in, he told the owner that he wanted some extra security going in (particularly since he would be quitting his current job). The contract said something to the effect of ensuring him a rather sizable severance (6 months pay plus some extra $$ to retrain in another plane or something to that effect) if the airplane was sold within 3 years. The owner agreed - as it turned out he flew for him for 6-7 years and all was well.
04-28-2018, 07:46 AM
#7
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Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,232
I have a neighbor (vacation home) who founded and owns a controlling interest in a fortune 500 company. He has a few jets and once asked what it would take to entice me away from the airlines (he knows me well, our kids grew up together). My semi-facetious response was that I'd need a contract guaranteeing legacy airline QOL, and a trust fund guaranteed to pay out projected legacy airline compensation to age 67. And home basing.
He understood where I was coming from, and I probably could have negotiated a pretty good package. But ultimately I prefer the anonymity of airlines, even if I could have sold him on a deal comparable to my airline gig.
Point being, businessmen should understand the logic behind such a contract.
He understood where I was coming from, and I probably could have negotiated a pretty good package. But ultimately I prefer the anonymity of airlines, even if I could have sold him on a deal comparable to my airline gig.
Point being, businessmen should understand the logic behind such a contract.
Last edited by rickair7777; 04-28-2018 at 07:58 AM.
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