FDX-Fruitful Week?
08-23-2015 | 09:30 PM
#221
Gets Weekends Off
Joined: Dec 2006
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I am ignorant on the process from this point on...
If the TA is presented to us after the vote on Wednesday, when will voting open/close?
And if, 50.1% of us were to decide to reject the TA, what happens at that time with further negotiations and the NMB, specifically, what happens before peak (anything)?
Also, if the TA were rejected, do we keep everything in it, and only improve on it during further negotiations? Or, do all negotiated sections become "open" once again (with the possibility of losing some of the gains we already have on hypothetical TA#1)?
If the TA is presented to us after the vote on Wednesday, when will voting open/close?
And if, 50.1% of us were to decide to reject the TA, what happens at that time with further negotiations and the NMB, specifically, what happens before peak (anything)?
Also, if the TA were rejected, do we keep everything in it, and only improve on it during further negotiations? Or, do all negotiated sections become "open" once again (with the possibility of losing some of the gains we already have on hypothetical TA#1)?
08-23-2015 | 09:44 PM
#222
Line Holder
Joined: Jan 2007
Posts: 1,201
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This is worth adding into the whole equation....
Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks | Zero Hedge
Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks | Zero Hedge
08-24-2015 | 05:02 AM
#223
Gets Weekends Off
Joined: Feb 2013
Posts: 1,339
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This is worth adding into the whole equation....
Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks | Zero Hedge
Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks | Zero Hedge
It'll be an interesting day today..
-> Half-empty personality:
- It's going to be a very ugly day on Wall Street today...
-> Half-full:
- prime time for bargains in investing..
08-24-2015 | 05:54 AM
#224
Organizational Learning
Joined: Nov 2005
Posts: 4,948
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From: Directly behind the combiner
Dow opens down more than 1,000 ...
If you've got 10 more years to retirement, it's great for the B-Plan.
If you've got 10 more days, not so.
.
08-24-2015 | 05:59 AM
#225
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Joined: Aug 2012
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08-24-2015 | 06:03 AM
#226
Line Holder
Joined: Jun 2014
Posts: 52
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From: 767 Captain
We all wait with bated breath on how well (or unwell) the TA looks. I am caustiously optimistic it is a solid contract.
A point to remember is the back drop of the global economy and the industry during negotiations. The last 3-5 years, the industry and economy have been favorable from the pilots side to negotiate and good contract.
It could be a bit early to predict, but with currency devaluations in China and surrounding countries, China's economy and stock market falling off a cliff and creating a ripple affect in Europe and possibly the U.S., the proverbial window for negotiating a rock star contract could be closing. Only time will tell.
A point to remember is the back drop of the global economy and the industry during negotiations. The last 3-5 years, the industry and economy have been favorable from the pilots side to negotiate and good contract.
It could be a bit early to predict, but with currency devaluations in China and surrounding countries, China's economy and stock market falling off a cliff and creating a ripple affect in Europe and possibly the U.S., the proverbial window for negotiating a rock star contract could be closing. Only time will tell.
And if the global economy slows the company can park the MD-10's and gets a free ride on our crew shortage...
08-24-2015 | 06:31 AM
#227
Gets Weekends Off
Joined: Dec 2006
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Maybe I asked too many difficult questions in my previous post, but in light of the discussion on the stock market slide, does anyone know:
if the TA were to be rejected, do we keep everything in it as it stands now, and only improve on it during further negotiations? Or, do all negotiated sections become "open" once again (with the possibility of losing some of the gains we already have on hypothetical TA#1)?
if the TA were to be rejected, do we keep everything in it as it stands now, and only improve on it during further negotiations? Or, do all negotiated sections become "open" once again (with the possibility of losing some of the gains we already have on hypothetical TA#1)?
08-24-2015 | 06:35 AM
#228
Gets Weekends Off
Joined: Nov 2013
Posts: 2,756
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Maybe I asked too many difficult questions in my previous post, but in light of the discussion on the stock market slide, does anyone know:
if the TA were to be rejected, do we keep everything in it as it stands now, and only improve on it during further negotiations? Or, do all negotiated sections become "open" once again (with the possibility of losing some of the gains we already have on hypothetical TA#1)?
if the TA were to be rejected, do we keep everything in it as it stands now, and only improve on it during further negotiations? Or, do all negotiated sections become "open" once again (with the possibility of losing some of the gains we already have on hypothetical TA#1)?
08-24-2015 | 06:43 AM
#229
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Joined: Jan 2007
Posts: 1,201
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Ask the guys at Delta. The head of their union resigned. I suspect a lot of other positions changed. Trying to avoid that certainly isn't a good reason to accept a bad TA, but I doubt the process of negotiations just resumes the next morning like someone didn't just take a giant Mexican food dump on what had previously been agreed on.
Last edited by Rock; 08-24-2015 at 06:53 AM.
08-24-2015 | 06:49 AM
#230
Gets Weekends Off
Joined: Nov 2005
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From: 757 Capt
All sections are open until we have an agreement in principle.
all that means is that until last Wednesday, company could have reopened the TA sections. But I've never heard of that actually happening.
still, if the $$ levels were unacceptable to us, mgt could have offered more $$ but reopened the work rules.
many, many things are trade offs in a contract. focusing on one aspect can blind you to other positive or negative aspects.
need to keep the scan going, read it yourself, and make up,your own mind
and Dow down huge has an impact on the A plan as well. the dot com boom combined with unrealistic investment returns took down many pensions, even after legislation was passed in an effort to save them
all that means is that until last Wednesday, company could have reopened the TA sections. But I've never heard of that actually happening.
still, if the $$ levels were unacceptable to us, mgt could have offered more $$ but reopened the work rules.
many, many things are trade offs in a contract. focusing on one aspect can blind you to other positive or negative aspects.
need to keep the scan going, read it yourself, and make up,your own mind
and Dow down huge has an impact on the A plan as well. the dot com boom combined with unrealistic investment returns took down many pensions, even after legislation was passed in an effort to save them
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