Pinnacle Mangement Bankruptcy Proposal
05-08-2012 | 07:41 PM
#1
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Gets Weekends Off
Joined: Dec 2005
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Pinnacle Mangement Bankruptcy Proposal
-elimination of the minimum day
-management option to cap all pilot line awards at 75 hours
-a reduction in per diem
-10 days off for reserve pilots
-relief on maximum line ranges
-the virtual elimination of premium pay and open time
-more expensive and less favorable health insurance
-the elimination of ESL, premium sharing for loss of license and LTD
-greatly reduced 401(k) match
-decreased pay rates for all pilots: 5.8% reduction in for all Captains and CRJ900 FOs and 2.0% for all other FOs (which results in a combined rate for FOs)
-no across-the-board rate increases until 1/1/2014
PLUS much, much more.
They basically went line by line through the contract and made everything worse.
-management option to cap all pilot line awards at 75 hours
-a reduction in per diem
-10 days off for reserve pilots
-relief on maximum line ranges
-the virtual elimination of premium pay and open time
-more expensive and less favorable health insurance
-the elimination of ESL, premium sharing for loss of license and LTD
-greatly reduced 401(k) match
-decreased pay rates for all pilots: 5.8% reduction in for all Captains and CRJ900 FOs and 2.0% for all other FOs (which results in a combined rate for FOs)
-no across-the-board rate increases until 1/1/2014
PLUS much, much more.
They basically went line by line through the contract and made everything worse.
Last edited by vtx531; 05-08-2012 at 08:11 PM.
05-08-2012 | 08:04 PM
#4
Gets Weekends Off
Joined: Jan 2008
Posts: 152
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-elimination of the minimum day
-management option to cap all pilot line awards at 75 hours
-a reduction in per diem
-10 days off for reserve pilots
-relief on maximum line ranges
-the virtual elimination of premium pay and open time
-more expensive and less favorable health insurance
-the elimination of ESL, premium sharing for loss of license and LTD
-greatly reduced 401(k) match
-decreased pay rates for all pilots: 5.8% reduction in for all Captains and CRJ900 FOs and 2.0% for all other FOs (which results in a combined rate for FOs)
-no across-the-board rate increases until 1/1/2014
-management option to cap all pilot line awards at 75 hours
-a reduction in per diem
-10 days off for reserve pilots
-relief on maximum line ranges
-the virtual elimination of premium pay and open time
-more expensive and less favorable health insurance
-the elimination of ESL, premium sharing for loss of license and LTD
-greatly reduced 401(k) match
-decreased pay rates for all pilots: 5.8% reduction in for all Captains and CRJ900 FOs and 2.0% for all other FOs (which results in a combined rate for FOs)
-no across-the-board rate increases until 1/1/2014
05-08-2012 | 08:08 PM
#6
Gets Weekends Off
Joined: Mar 2006
Posts: 695
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From: Cessna 152 Captain
Bail and go WHERE? Pilots for the most part are mostly all talk and will not take a stand If they are short and put trips in open time see how quick it gets picked up meanwhile their fellow pilots are out on the street. Management knows that pilots will sell their Mommas and their first born to get ahead.
05-08-2012 | 08:18 PM
#9
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Joined: Jan 2007
Posts: 2,356
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From: CRJ
I agree. This is where they could have gone for the kill and instead are just taking us out at the knees. I am 100% sure they will get less than half of what they are going for. No judge is going to go for this. It would put pinnacle at an unfair advantage to all its competitors. The judge has to look at our contract and then compare it to industry average to bring its cost more in line with that of the industry. Our "new and improved" contract was below industry average anyway the day we signed it so I am not to worried about the judge thinking we are raping this company for all its worth.
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