Highly doubt people will be paying for these jobs. But, I’m sure the number of applications and competitive minimums will go through the roof the longer this drags on. Between CPZ and TSA there are a lot of qualified pilots on the street.

What contract are you talking about? I searched the thread and the last time other than your mention of a contract was 2009. So, what are you talking about?

It's new - starting for the new hires in the May class.
$20,000 - $30,000 and 18 - 24 months, depending on aircraft and position.
Reduced after 12 months.

Can you explain the specifics of this new contract please?

Be99 Captain - $20,000 18 months - Reduced by $10,000 after 12 months
Type-Rated Captain - $30,000 18 months - Reduced by $10,000 after 12 months
EMB-120 First Officer - $30,000 12 months

Remember that pilot shortage?
Yeah. Me neither.

Very classy move with desperate pilots out of a job. Should have made it 40k because why not!

Their way of trying to limit people from jumping ship when the flying world gets back to normal should it happen sooner then expected. I’ve said this many times but those less desirable companies suddenly become high demand when the economy takes a dump.

On another note they aren’t the only company making adjustments to the pilot group due to the virus. Heard about a 135 outfit switching from a 8/6 schedule to a mandatory 15/13 schedule indefinitely because of the covid monster they claim. They been itching to make this change months ago but was afraid of massive attrition. However because of the state of the industry now it allowed the perfect opportunity to make the switch. They know the pilot group would have a difficult time jumping ship for something better. Now that’s classy

Its odd
 

Because up till about three months ago, things were really good. So, why not a training contract then? Things will turn around but slowly. IMHO, if you need to ask people to sign such things then something may be wrong with your organization. The write up pages back may allude to that. Those contracts are a trap and in some States, may not even be legal but then you have sour grapes with a former employer which is part of that trap. Soon, as I’ve said, companies will make you pay for your own training including room and board. I question companies that take advantage of people during a crisis. It says a lot about a place. Yes, it’s simple, don’t sign it! No more sign on bonuses! Now you get a sign on debit.

You realize that a training agreement is only debt if you LEAVE?! It's very different than pay for Training or pay to fly....
Simply put it's to limit the people looking for short time jobs till things get "BETTER".
For years companies were asking for "gentleman's agreements" saying you would stay a year for an initial training or upgrade...
Let's face it, training resources are limited, and many people here and other places are publicly saying they will just pick up a job for a year till they are "called back"...
AMF rolled most of the turbine bonuses into the regular pay last year, so other than the "peak to peak" most of us saw the base pay go up, and the company management said it was to ensure it couldn't go away, like a bonus, and the reality is, due to taxes and 401k matches, it was a big plus to make it part of REGULAR pay.
Frankly, I don't want a bunch of short-term people causing my current company $$$ issues due to turnover in this environment.
yes...a few pages back there are angry people due to the non-typed planes NOT being included in the new bonus program to push people to upgrade when they can....