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Originally Posted by gonyon
(Post 1122294)
well if you're gonna jump might wanna do it before everyone else is competing with you!
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Word to the wise...at XJT we took concessions in 2008 with a snapback provision.
Well, we're still waiting for the snapback and will never see it now with the ASA merger. |
Time to change the title of the post to 7 percent.
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So is the company paying PT his consulting fees for the chap. 11 court date, what a joke, it would almost be funny if it wasn't criminal. I agree with everyone on here, take no concessions because they'll happen on their own anyway during chap. 11 proceedings, so we can continue to enjoy our current pay until further notice. Well now we know why that coward and criminal Phil Trenary escaped the company like the rat that he is.
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Originally Posted by Skypilotsv1984
(Post 1122286)
That is exactly the dilemma I'm having. I feel that the right choice is to jump ship but I really don't want to start all over again for the 3rd time, however if this place implodes I won't have a choice. So the question is: jump ship or ride it out?
It is hard see from your perspective right now but PNCL is not going to implode. Managements number one job right now is to spread as much doom and gloom as they can. The more your employees eat up the doom and gloom the more successful management is.....and hence the bigger bonus they will get in the end. PNCL will be fine. All non-union groups will take a small paycut, some contracts with all sorts of suppliers will be renegotiated and pilots will take a cut depending on how good management can turn your MEC and young inexperienced pilots agianst your contract. Which everyone know you guys are overpaid and driving the company into bk. :rolleyes: |
Originally Posted by Imapilot2
(Post 1122383)
It is hard see from your perspective right now but PNCL is not going to implode. Managements number one job right now is to spread as much doom and gloom as they can. The more your employees eat up the doom and gloom the more successful management is.....and hence the bigger bonus they will get in the end. PNCL will be fine. All non-union groups will take a small paycut, some contracts with all sorts of suppliers will be renegotiated and pilots will take a cut depending on how good management can turn your MEC and young inexperienced pilots agianst your contract. Which everyone know you guys are overpaid and driving the company into bk. :rolleyes:
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Originally Posted by tim123
(Post 1122391)
I disagree Ima...I think we could see another wholly owned comair situation with pncl.They file bankrupcty,shrink the heck out of it,give flying to sub-contractors,clean up some of the debt on books.
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Originally Posted by tim123
(Post 1122391)
I disagree Ima...I think we could see another wholly owned comair situation with pncl.They file bankrupcty,shrink the heck out of it,give flying to sub-contractors,clean up some of the debt on books.
The only problem is if you wait a year, and another year, then another year, waiting for "the ship to right itself". And before you know it, you've been a regional FO for a decade, your kids are grown, and your wife has left. So keep that in mind. |
Fixing liquidity through wage concessions won't prevent bankruptcy. And 7% isn't all that were going to get cut in bankruptcy. Obviously this is a move inspired by our delightful seabury friends to double dip.
Also I heard a fascinating rumor about 700 furloughs, hope it's just a rumor. |
Originally Posted by Deice Press
(Post 1122524)
Fixing liquidity through wage concessions won't prevent bankruptcy. And 7% isn't all that were going to get cut in bankruptcy. Obviously this is a move inspired by our delightful seabury friends to double dip.
Also I heard a fascinating rumor about 700 furloughs, hope it's just a rumor. |
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