Here are some of the issues cited by the critics, but not all:
1. Retiree heathcare insurance is gone under the new contract. Union leadership says it's not sustainable and would be gone at the end of the current contract anyway. 2. Under certain conditions, a pre-2005 pilot who moves could lose his Home Base privilege and be sucked into the 100 crew bases. 3. The current reserve schedule, which many of the more senior pilots love because they can work it to their advantage, goes away. I'm sure they would enjoy at least the same quality of life with one of the two new schedules, but they simply don't want to change. 4. The captains on the Falcon 2000EZ could actually see a decrease in pay because of the way the aircraft class vs. pay breakdown changed. 5. The length of the contract extension scares many folks. What's decent pay today may not seem that way in 10 years. 6. It's new and I don't really understand it; therefore, I must fear it. (Okay, that's just my read on it, but the Chicken Little syndrome is alive and well) |
I would appreciate a summary of the complete contract proposal How about just a 3% pay raise each year to offset inflation. If your rates are fixed for 6 years, you are taking about a 3% pay cut each year, or about 20% over the life of the proposal. Sounds pretty bad to me!! They want your pay frozen for 6 years while all the majors take big pay increases. |
Your pay goes up every year at NetJets just because you have another year under your belt....correct? What exactly is being frozen? Is it a cost of living increase that you are recieving now, that you will not be recieving until 2013 until the new contract is passed? I am not clear on this. Thanks to all those who reply.
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Originally Posted by ryane946
(Post 241749)
OUCH! Fixed rates for 6 years. That really sucks. I see why NetJets management is offering this to you. They want your pay frozen for 6 years while all the majors take big pay increases. I knew there was some catch to this proposal.
How about just a 3% pay raise each year to offset inflation. If your rates are fixed for 6 years, you are taking about a 3% pay cut each year, or about 20% over the life of the proposal. Sounds pretty bad to me!! This IBB proposal doesn't either unless the company extends it til 2016. Then we get both which is nice. Here is how the pay would go for someone who is a 5 year Capt in 2012 on the 7/7 schedule with an assumed 3% CPI-U adjustment each year as specified in the proposal. These rates only apply if the company extends the agreement til 2016. 2012 $100,408 (5 year Capt - current rate) 2013 $107,041 (6 year Capt) 2014 $114,110 (7 year Capt) 2015 $121,647 (8 year Capt) |
I would agree with the above post. Bottom line is that except for about 20-30 people out of 2600+/- everyone gets a raise of at least 10% if not more, and on top of that, some at the top of the food chain will see a signing bonus in the neighborhood of 25k plus a 10k thanks for being here over 15yrs. Basically we get more pay and bases for the new guys. In turn the company gets some scheduling flexibility. As far as being locked in for a few years. This is nothing. Even if this contract expires when it was originally scheduled, there will be a few years a hate and discontent while they sort out the next gem which people will still complain about. Either way, there will be a lot of time between this contract and the next one. With or without this TA. I came from a 16 year pos contract so I am one who would be careful with this, but so far it seems reasonable.
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Your pay goes up every year at NetJets just because you have another year under your belt....correct? What exactly is being frozen? Say you are a 5 year captain today on 7/7. Your pay is $100,408. In 2012, you will be a 10 year captain. Your pay on 7/7 will be $119,254. So you got a pay raise each year. However, a 5 year captain in 2012 will still be making $100,408. $100,408 today won't buy the same amount of stuff in 2012. The purchasing power of that money and everyone else's money will have been eroded over time by inflation (averages around 3% per year). The previous poster was suggesting that the entire payscale should be adjusted upwards each year by the rate of inflation to fix that problem. That is what happens in 2013 and beyond. One thing that I've found airline guys to misunderstand is a pay raise vs a CPI increase. Most airlines contracts don't have a CPI increase each year. The adjustment in the pay scales each year is really just a negotiated pay raise spread out over the life of the contract. So if an airline negotiated a 10% pay raise, they don't usually up the all the payscales by 10% the next day. What typically happens is that the raise is metered out over the life of the contract (say 3.33% per year in this case). It makes it seem like it's a CPI raise, when in fact it is nothing more than the pay raise that was negotiated. |
Hi!
It looks to me that this contract proposal, overall, is better than any -121 US PAX airline's contract (except maybe AA's). I hope it is approved by the NetJets' pilots. cliff YIP |
Originally Posted by correcting
(Post 241885)
Yes, your pay goes up every year with a seniority based raise. What's frozen until 2013 is the entire payscale.
Say you are a 5 year captain today on 7/7. Your pay is $100,408. In 2012, you will be a 10 year captain. Your pay on 7/7 will be $119,254. So you got a pay raise each year. However, a 5 year captain in 2012 will still be making $100,408. $100,408 today won't buy the same amount of stuff in 2012. The purchasing power of that money and everyone else's money will have been eroded over time by inflation (averages around 3% per year). The previous poster was suggesting that the entire payscale should be adjusted upwards each year by the rate of inflation to fix that problem. That is what happens in 2013 and beyond. One thing that I've found airline guys to misunderstand is a pay raise vs a CPI increase. Most airlines contracts don't have a CPI increase each year. The adjustment in the pay scales each year is really just a negotiated pay raise spread out over the life of the contract. So if an airline negotiated a 10% pay raise, they don't usually up the all the payscales by 10% the next day. What typically happens is that the raise is metered out over the life of the contract (say 3.33% per year in this case). It makes it seem like it's a CPI raise, when in fact it is nothing more than the pay raise that was negotiated. It will be interesting to see how you guys sort this out. I personally hope it passes and I can get hired by NetJets. ;) This seems like a very nice deal. |
Originally Posted by So Wonwee
(Post 240570)
This is as I understand it today. It may change tomorrow when I see the full document.
7/7 is the same as today. Work 7 days, off 7 days. 15 day flex, is a 15 day work month - max. You have no control of the schedule. The max days on is 5. 1 day on gives you a min of 3 days off. This sched is fixed (max/min) at 10% for fleet/seat. No H-days. 18 day is a fixed schedule. This sched is posted on the 15th of the month prior. There is supposedly going to be a preferintial (sp?) bidding system. No H-days. No limit to the amount of people on the sched. This is the default schedule for trainees, new hires, upgrades, etc. What is an "H-day"? Thanks. |
Originally Posted by HawgDrvr
(Post 242040)
What are the max days you could work in a row on the 18-day schedule? It seems as though everyone would want that schedule (known work days/most pay) or am I being naive?
What is an "H-day"? Thanks. 18-day schedule is usually 7 day max, but during one tour in the 4-month cycle, the company has the option to work you 8 days. This schedule is posted on the 15th of the month prior. There will be PBS, but the company has a really long time to get the program started. 2 years, I think. Another thing people don't like is the mandated use of the company credit card. This is not a no vote issue by itself, but many feel it is a poke in the eye. A large number of people use the Hilton AMEX to get 5 times the HHonors points. We stay at a lot of Hiltons on the road. |
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