Pinnacle Concession Update
03-03-2012 | 05:40 AM
#1
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From: A320 FO
Pinnacle Concession Update
"Negotiations Update
No negotiations have taken place this week because the company has made a permanent 5% wage cut a precondition to further discussions. We are not willing to agree to that precondition because none of the financial data we have reviewed supports it. We continue to be willing to meaningfully address our company’s challenges and remain available to meet at any time, but no future talks are currently scheduled."
Ok folks there it is. The union is calling the bluff and it looks like we may not even vote. So one of two things will happen: SM will file ch. 11 or we're in the clear. No more vote talk, it's now time to see the company's hand.
No negotiations have taken place this week because the company has made a permanent 5% wage cut a precondition to further discussions. We are not willing to agree to that precondition because none of the financial data we have reviewed supports it. We continue to be willing to meaningfully address our company’s challenges and remain available to meet at any time, but no future talks are currently scheduled."
Ok folks there it is. The union is calling the bluff and it looks like we may not even vote. So one of two things will happen: SM will file ch. 11 or we're in the clear. No more vote talk, it's now time to see the company's hand.
03-03-2012 | 05:47 AM
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"Negotiations Update
No negotiations have taken place this week because the company has made a permanent 5% wage cut a precondition to further discussions. We are not willing to agree to that precondition because none of the financial data we have reviewed supports it. We continue to be willing to meaningfully address our company’s challenges and remain available to meet at any time, but no future talks are currently scheduled."
Ok folks there it is. The union is calling the bluff and it looks like we may not even vote. So one of two things will happen: SM will file ch. 11 or we're in the clear. No more vote talk, it's now time to see the company's hand.
No negotiations have taken place this week because the company has made a permanent 5% wage cut a precondition to further discussions. We are not willing to agree to that precondition because none of the financial data we have reviewed supports it. We continue to be willing to meaningfully address our company’s challenges and remain available to meet at any time, but no future talks are currently scheduled."
Ok folks there it is. The union is calling the bluff and it looks like we may not even vote. So one of two things will happen: SM will file ch. 11 or we're in the clear. No more vote talk, it's now time to see the company's hand.
03-03-2012 | 06:40 AM
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Going after employee pay that is already low is a tacit admission of management incompetence. They have no idea what to do; so they decide the optimal way to cut costs is to have their employees subsidize the operation....
btw, I've seen this movie before---if the company is going to go bankrupt, it will do so regardless of pilot pay..i.e. pilot pay will not push a company into bankruptcy any more than it can keep a company out of bankruptcy. If you cut pay now, you are just lowering the starting point for your "future" pay cuts if the company actually does go bankrupt.
03-03-2012 | 08:20 AM
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We don't know half the story to this messs. I'm still putting my money on a BK. I've heard the company really does want to avoid it but I'm not buying it. They have some plan they are working on and I'm sure the end result won't be good for most of us.
03-03-2012 | 11:35 AM
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From: AN124 FE
So most likely the planes will end up in JFK or DTW after all? I have heard that rumor for awhile now...
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