Early Out,Retirement,Furlough Negotiation
05-27-2020, 04:40 AM
#21
Gets Weekends Off
Joined APC: Mar 2019
Position: 73N A
Posts: 132
Originally Posted by fp88ren
I haven’t forgotten the medical premiums covered by DALPA On by behalf when I was furloughed in the mid-90s under Ron Allen’s hostage program. Major help. Would vote to cover these for all furloughees now.
As for the upcoming hose job in regards to pay, I am willing to provide a LOAN to Delta for a period of time, for a certain amount, with SnapBack clauses based on each quarterly revenue numbers (with protections where that can’t be manipulated), and at a competitive interest rate. Any pay cuts should be in the form of a loan, not a concession. It would take much thought, however, to ensure the language is not open to interpretation at some point in the future when it’s time to make good on that loan payment in addition to ensuring no other part of the contract can be manipulated thereby reducing the value of our loan to the company.
I believe that has been discussed somewhere else, maybe on this board? We provide a service to this company under contract. If we are going to be the company ATM when times are hard then we should be able to control how much can be borrowed and at what interest rate and term.
Sorry - I may have hijacked this thread somewhat.
05-27-2020, 05:39 AM
#22
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by TurbineBlade
Same here. While only receiving 3 months of health benefits, courtesy of ALPA pilots at NWA, it certainly helped. COBRA is expensive. More than happy to provide in that respect.
As for the upcoming hose job in regards to pay, I am willing to provide a LOAN to Delta for a period of time, for a certain amount, with SnapBack clauses based on each quarterly revenue numbers (with protections where that can’t be manipulated), and at a competitive interest rate. Any pay cuts should be in the form of a loan, not a concession. It would take much thought, however, to ensure the language is not open to interpretation at some point in the future when it’s time to make good on that loan payment in addition to ensuring no other part of the contract can be manipulated thereby reducing the value of our loan to the company.
I believe that has been discussed somewhere else, maybe on this board? We provide a service to this company under contract. If we are going to be the company ATM when times are hard then we should be able to control how much can be borrowed and at what interest rate and term.
Sorry - I may have hijacked this thread somewhat.
As for the upcoming hose job in regards to pay, I am willing to provide a LOAN to Delta for a period of time, for a certain amount, with SnapBack clauses based on each quarterly revenue numbers (with protections where that can’t be manipulated), and at a competitive interest rate. Any pay cuts should be in the form of a loan, not a concession. It would take much thought, however, to ensure the language is not open to interpretation at some point in the future when it’s time to make good on that loan payment in addition to ensuring no other part of the contract can be manipulated thereby reducing the value of our loan to the company.
I believe that has been discussed somewhere else, maybe on this board? We provide a service to this company under contract. If we are going to be the company ATM when times are hard then we should be able to control how much can be borrowed and at what interest rate and term.
Sorry - I may have hijacked this thread somewhat.
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
05-27-2020, 05:56 AM
#23
Gets Weekends Off
Joined APC: Nov 2010
Posts: 377
Originally Posted by Denny Crane
With the history of both pre-merger North and South Pilot groups, I think we can pretty much guarantee covering the Cobra benefits for furloughees.
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
05-27-2020, 06:05 AM
#24
Gets Weekends Off
Joined APC: Sep 2011
Posts: 4,182
Originally Posted by Denny Crane
With the history of both pre-merger North and South Pilot groups, I think we can pretty much guarantee covering the Cobra benefits for furloughees.
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
05-27-2020, 06:29 AM
#26
Gets Weekends Off
Joined APC: Sep 2014
Posts: 161
I'm solidly in the furlough group and I'm not expecting early outs to save me AT ALL. The tone of the company's discussions on the subject has been UN-enthusiastic to say the least. I don't know anyone that's expecting a good early out offer from them. The other thing is the fact that the staffing levels for Summer of 2022 already includes all mandatory retirements according to JL from the town hall yesterday. So a guy that is say 63-64 now taking an early out wont change the staffing number at all. Only the guys that are maybe 62-63 taking an early out would have some effect. What is the likely hood of a guy with 3 years to go taking a mediocre early out? slim to none in my mind.
05-27-2020, 06:32 AM
#28
Gets Weekends Off
Joined APC: Mar 2019
Position: 73N A
Posts: 132
Originally Posted by Denny Crane
With the history of both pre-merger North and South Pilot groups, I think we can pretty much guarantee covering the Cobra benefits for furloughees.
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
As far as providing a “loan” to the Company via a pay cut, you are going to find a lot of us have already been there, done that and severely burned by it when the Company went into bankruptcy. I think that would fail by a relatively wide margin.
Denny
05-27-2020, 07:08 AM
#30
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by TurbineBlade
I get it. I suppose I was fortunate that I bypassed my recall in 2007 at NWA for 7 more years.
Denny
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