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Originally Posted by m3113n1a1
(Post 3134568)
You don't think Delta could hire able bodied people off the street and turn them into pilots too??
Foreign carriers do it all the time. Delta is just going the cheaper route (for now) due to ample supply. |
Originally Posted by askdanny
(Post 3134493)
Relax. It's not worth it. Here's why management is applying a double standard between the pilots and the rest of Delta (if you understand that, their lack of straightforwardness won't be so maddening). It has one goal only: keeping other employee groups from organizing. That's it! It has nothing to do with sharing the pain or being team players. But they will paint it as is.
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What exact strings were attached to the CARES money? For the sake of argument, lets say Delta meet their buden by not forcing any layoffs and all those who wanted to stay employeed and get paid were able to do so. If that was the case and there was a billion of CARES money left over after the 6 month period, is Delta obligated to earmark that money or is the left over just gravy for Delta to use at their discretion? Not taking sides one way or the other but just trying to figure out what would happen to any money left over at the end of the 6 month period?
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Originally Posted by MSP7ERB
(Post 3135096)
What exact strings were attached to the CARES money? For the sake of argument, lets say Delta meet their buden by not forcing any layoffs and all those who wanted to stay employeed and get paid were able to do so. If that was the case and there was a billion of CARES money left over after the 6 month period, is Delta obligated to earmark that money or is the left over just gravy for Delta to use at their discretion? Not taking sides one way or the other but just trying to figure out what would happen to any money left over at the end of the 6 month period?
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Originally Posted by EDVPLT
(Post 3135118)
CARES money can only be used for Payroll and benefits. So if there is any money left over that will just continue to be used but only for the purpose of paying employees and their benefits.
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Originally Posted by askdanny
(Post 3135158)
My understanding is that in exchange for taking the CARES money, airlines committed to not furlough or cut pay until Oct. 1 (and continuation of certain air service, etc...). Implicitly the money is meant to help workers, so we assumed that CARES Act money only goes to payroll. But I don't think that's how it is spelled out in the law.
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Originally Posted by EDVPLT
(Post 3135118)
CARES money can only be used for Payroll and benefits. So if there is any money left over that will just continue to be used but only for the purpose of paying employees and their benefits.
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Originally Posted by MSP7ERB
(Post 3135171)
Thanks. A common question on recent Town Halls has been asking how much CARES $$ is left over. The sentimate behind the question seems to be an entitlement that any left over CARES $$ should be used to mitigage furloughes, but it sounds like the company is now allowed to furlough and use left over CARES money for payroll going forward. Again, not taking sides but just trying to figure out what the company is allowed and not allowed to do with left over CARES $$$.
1. Hour cuts were allowed despite no furlough 2. The company can double dip into unemployment benefits by offering unpaid LoA 3. The grant money had no expiration date He was able to get the stuff the business didn't like put into loans that only the competitors would take, like limits on share buybacks and whatever else the DoT added to the loan terms. It was seriously a huge accomplishment for the company and shows Ed's prowess, but in many ways it very frustrating that hours were in fact cut, employees were paid less, and the taxpayers doled out effectively more than 25B to airlines due to the unemployment backdoor. |
Originally Posted by BlaneO
(Post 3134081)
I just watched Ed's townhall from today and was enfuriated by it. I should have counted how many he times he said that 40% of frontline employees took unpaid leaves, sacrificing themselves for the good of the company, and that now it's time for the pilots to step up. He's a finance officer and should know better than to spout such deceptive lies.
News flash... NONE of those employees were unpaid! My girlfriend is a 27-yr FA, and she's very savvy, but she actually SAVED money this summer while on her "unpaid leave" because of the NY unemployment and CARES money. The frontline employees that took "unpaid leave" were either made whole (or close enough to not feel real pain) by the government assistance programs. Delta essentially took the CARES money to cover employee costs, then turned around and sent 40% of their employees onto government programs (an employee-cost double dip). There is no program to adequately replace a pilot's salary when they go on an "unpaid leave." The only option which has had any success in the industry is when the company itself steps up to fill that income gap, knowing that the government programs are insufficient. But that's a SIL, and Delta won't have it. But comparing the 40% who "sacrificed" to save Delta to the 12% REAL earnings losses by pilots is a complete apples-to-oranges comparison, and Ed knows better. At least, I hope he does. His words were pure political spin that did not address the financial decisions he was advocating. |
Originally Posted by m3113n1a1
(Post 3134568)
You don't think Delta could hire able bodied people off the street and turn them into pilots too??
Foreign carriers do it all the time. Delta is just going the cheaper route (for now) due to ample supply. |
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