XJT Paycut
#51
#52
Gets Weekends Off
Joined: Feb 2006
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From: DD->DH->RU/XE soon to be EV
You are a little bit fuzzy on the facts. We haven't taken the cut yet.
And I'm still waiting. Keep searching my 1900+ posts and tell me WHERE I said I'd rather be out of a job than take a cut. Like I said, I'm curious if I ACTUALLY said that, or it's just something you "swear" to have seen.
#53
Read it again, I wasn't bashing them. Just pointing out the difference between having a "handbook" and an actual contract.
You are a little bit fuzzy on the facts. We haven't taken the cut yet.
And I'm still waiting. Keep searching my 1900+ posts and tell me WHERE I said I'd rather be out of a job than take a cut. Like I said, I'm curious if I ACTUALLY said that, or it's just something you "swear" to have seen.
You are a little bit fuzzy on the facts. We haven't taken the cut yet.
And I'm still waiting. Keep searching my 1900+ posts and tell me WHERE I said I'd rather be out of a job than take a cut. Like I said, I'm curious if I ACTUALLY said that, or it's just something you "swear" to have seen.
#54
Banned
Joined: May 2007
Posts: 698
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The 401K match is 100% up to 4% for your first 5 years, 100% up to 5% for years 5-10, and 100% up to 6% for everything after 5 years... So if you put in 4% your first year they gave you 4%. In fact never in your career at ExpressJet under our current contract will the company ever match you more than 6%.
#55
For the rest of you not talking poop I am sorry it has come to this for you. There are MANY great people at X-jet. Good luck.
#56
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From: EMB 145 CPT
Actually, its a lot higher than that at XJT. Especially considering that XJT only pays wages, maintenance, and overhead as part of the new CPA.
Just pointing out that its not a contract. That is why they are "at-will" employees.
Keep in mind that XJT had a gun to their head when signing on the dotted line. It was give CAL "savings on the magnitude..." or lose all CAL flying with the wind down starting in 365 days.
You assume it will go into chapter 11 and not chapter 7. The fear is that at some point the hedge funds that own most of the stock will just want to shut it down and cash out whatever money is left over.
Well, no, not at a loss because they were asking for 12-16% concession from the pilots. Who knows what they had in store for the other union groups.
Are you talking about union dues? If so, keep in mind that not everyone pays the 1.95% dues. First year pilots don't and many that do get an income tax deduction from it. So the effective dues rate is lower for many pilots.
Also, that 1.95% kept all the pilots from taking the 12-16% pay cut that SKW would have implemented without negotiations.
I beleive Eagle captains will make more for the first year and then XJT captains will go back to the top. As for FOs, they will still be in the top third. AWA is the only ones who currently pay more than XJT.
Even if this gets ratified, it will still be close to a industry leading contract for 50 seat aircraft.
The CPA that XJT entered into with CAL is actually so bad for XJT that they cannot really make a profit with the current budget. Even with labor concessions the CEO has been quoted as saying, to paraphase, 'I'm not sure we have a viable business plan.'
So that is the problem.
But, they could not negotiate higher rates because RAH, SKW, PCL, Colgan, etc. are also interested in capturing new flying and so XJT basically had the option of losing flying or signing a less lucrative deal.
So that is the problem.
But, they could not negotiate higher rates because RAH, SKW, PCL, Colgan, etc. are also interested in capturing new flying and so XJT basically had the option of losing flying or signing a less lucrative deal.
This is my take as well - this company is in horrible shape financially, so much so that concessions will not let it avoid BK. They still won't be making money. The economy is only going to get worse. The industry overall will continue to contract in response. Additionally, we didn't furlough enough people. I hate to say it, but it's true. How can they seriously ask for concessions, when I don't see them doing whatever it takes elsewhere to save $? These concessions will not save us, and in fact will lower the benchmark for the BK judge to start with. So go ahead and vote yes, you won't save the company, but you will make less money in the interim.
Folks, it's the same tactic used by airlines throughout their history. Give in or else. Fear. It's the single best weapon management uses against pilots, and it's apparently working. What's ironic is that I think they are right in this case, we will go BK without concessions. But - I think they aren't telling us the whole story. Personally, I think the company knows and even expects we will be bankrupt despite the concession results.
Folks, it's the same tactic used by airlines throughout their history. Give in or else. Fear. It's the single best weapon management uses against pilots, and it's apparently working. What's ironic is that I think they are right in this case, we will go BK without concessions. But - I think they aren't telling us the whole story. Personally, I think the company knows and even expects we will be bankrupt despite the concession results.
Are you talking about union dues? If so, keep in mind that not everyone pays the 1.95% dues. First year pilots don't and many that do get an income tax deduction from it. So the effective dues rate is lower for many pilots.
Also, that 1.95% kept all the pilots from taking the 12-16% pay cut that SKW would have implemented without negotiations.
Even if this gets ratified, it will still be close to a industry leading contract for 50 seat aircraft.
#57
#58
Gets Weekends Off
Joined: Feb 2006
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From: DD->DH->RU/XE soon to be EV
#59
Banned
Joined: Jan 2006
Posts: 6,929
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From: A-320
Guys, I am not really sure what I am going to vote, but look around, we are in TROUBLE. The economy is TANKING, Fuel is going to go up again, mark my word and unfortunately our company is not using creative accounting. We have lost MILLIONS of DOLLARS with Branded & Delta and our BOD signed a deal with CAL that loses money!. The BOD says they had a gun to their head and I believe it, CAL was more then willing to take the a/c back and pawn them off to whomever. There is no way our management will be taking bonuses or pay increases unless we get all of our money back first. Our works rules which are some of the best ones around will not be touched, as well as our 401k contribution, vacation etc........ When its all said and done it will be apprx $160/paycheck for CA, roughly half that for FO's a month. If you want to "stand tall" and vote no, go ahead and vote no but just remember in BK the judge will DESTROY our contract, both pay and work rules. I have learned that a lot of people can talk (including myself) but when faced with BK you consider your options, negotiate the best you can and either vote yes or no.
For those who tell us to "burn it down" Ill expect the same response from you when your company comes looking, and I bet they will ask for more then our company is. It is unfortunate that we are in this situation but it is what it is and we all need to make a decision.
Everyone wants us to "hold the bar" and vote no, well where were you guys when we asked you to "raise the bar"?, was it when you opted to fly larger jets/turbo-props for low pay, or was it when you voted no to a Union? Was it when you guys were telling our crews that "we will own you" during our SkyWest debacle?, or is it when you are willing to fly 170s with MidWest passengers in the back?
These comments are for those in the past the twist the knife, and I know I am guilty of it too but this whole thing has really brought me down a notch and I apologize for the arrogance and ignorance in some cases....
I try not to post opinion on here anymore (tired of getting flack for it) but until your faced with it (BK).........or until you "walk in someone's shoes" be cognoscente of the fact that we may not have a choice, and its either take a cut on our terms, or take a cut on their terms..........
For those who tell us to "burn it down" Ill expect the same response from you when your company comes looking, and I bet they will ask for more then our company is. It is unfortunate that we are in this situation but it is what it is and we all need to make a decision.
Everyone wants us to "hold the bar" and vote no, well where were you guys when we asked you to "raise the bar"?, was it when you opted to fly larger jets/turbo-props for low pay, or was it when you voted no to a Union? Was it when you guys were telling our crews that "we will own you" during our SkyWest debacle?, or is it when you are willing to fly 170s with MidWest passengers in the back?
These comments are for those in the past the twist the knife, and I know I am guilty of it too but this whole thing has really brought me down a notch and I apologize for the arrogance and ignorance in some cases....
I try not to post opinion on here anymore (tired of getting flack for it) but until your faced with it (BK).........or until you "walk in someone's shoes" be cognoscente of the fact that we may not have a choice, and its either take a cut on our terms, or take a cut on their terms..........
Last edited by JoeyMeatballs; 10-06-2008 at 04:24 PM.
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