The new Table Talk on Pay is out. Something interesting:

IMHO:

• "Reflective of the changes in the size and profitability of the company over the past few years," means we are making a lot more money.
• "one of the goals of Delta management was to modify the profit sharing program." Because they were paying us a fortune.
• "To reach this TA," meaning to get a TA with the company the NC had to...
• "the MEC agreed to modifications in the formula of profit sharing calculations that converted these modifications to hourly pay." monetize or no deal.

Now over the last few months we were being led to believe DALPA wanted to do that to give us more "guaranteed pay" vs "at-risk pay". But here, it's the company made us, the NC, do it.

Why would the company want to monetize PS if it was a gain for us?

Or maybe it is a gain, it's just a small gain and deep concessions in Section 1, 14 and 23 to get the TA. Then again everyone said pay was not negotiated until the very end, so did we make concessions throughout the PWA only to come up with 8633 and reduced PS at the end?

Is this how bargaining credits work? You throw 6,000 FOs under the bus, demand money in return and they then say nope that only affects 180 so here's 8033?

 

Why did we need a TA early, exactly?? Isn't that RA's desire??

Why yes, yes it is!

A: Because RA knows most folks will focus on the PAY PAY PAY, and if they see a raise after so many give-backs, they won't bother looking any deeper into the rest of the TA language.

Yes, RA thinks the pilot group as a whole are idiots. Actions speak louder than words. He doesn't have to come right out and say it.




.

 

On the profit sharing front, when the six billion is spent on stock buy backs, won't that stock then be available as options or outright grants to members of management? Perhaps not all, but could Mr. Anderson and company possibley have their own profit sharing plan coming up after the quarterly results are announced?

 

Then why is this language in the medical release section? "Or his designee?" That right there says to me it can be a third party.

"The DHS or his designee may request further information from a pilot who is required to verifyregarding his sickness or may require a pilot to provide a medical release when:"

Denny

 

Professor, I'll ask again because I still haven't received a clear answer. Is any part of sick leave administration going to be handled by Sedgwick, or another third party, and if so, what?

I'm asking for a couple of reasons. First, this has been claimed by some on this and other forums. Secondly, another poster claimed Dr. Faulkner has refused to perform this expanded role in his DHS capacity. Lastly, the "Health Services Department" as it currently exists can't possibly be currently staffed to handle this larger role.

I believe, but may be wrong, that the Delta Employee Service Center is actually a third party and not Delta employees. In fact, when I log on the Delta ESS page on DeltaNet it says Xerox Business Services at the bottom of the web page.

I can envision the "Health Services Department" being presented similarly as a "Delta" department, but actually run by a third party such as Sedgwick. All this is conjecture on my part and I'm looking for clarification. I don't know squat about Sedgwick but what I'm reading here and elsewhere is not very comforting.

 

No, the buybacks reduce outstanding shares, which, pushes up earnings per share. In theory this makes the value of the stock management holds more valuable.

 

How is it that the MEC chairman willingly risks all his credibility with baseless promotion?

Just thought I'd toss that out there...

I want him held accountable too.

By the way Prof, I apologized to you earlier. You have a tough job. No, you actually have an impossible job.

 

The word we have gotten is that OJI's are being transferred from ESIS to Sedgwick. I believe they handle long term F/a sick as well. As for other rumors, I don't know.

But there is no plan to third party this, and that came from the company today.

I share your same concerns with any third party getting involved.

I'll let you know if I hear any different.

 

Scambo, never an issue with you man.

Always up for a spirited debate.
Thanks for mentioning it though.

 

FTB,

This is the first time you have ever missed the big picture. All delta employees' profit sharing will be changed if we vote this in. This entire TA thing actually saves the company $100M. (I don't know why ALPA crack money guys didn't tell us that). Hey look the delta employees (aka profit centers) are buying their company more planes. (Which will be flown by the lowest bidder in delta colors cause the MEC chairman said they could).

Damn, why do I feel like this is how the former Kimberly Clark corporate flight department (Midwest express) arm of Alpa worked just prior to the airline shutting down.

Handshakes and back slaps all around.