Concession discussions in our future?
#32
I’m a hard no on concessions! I’ll be one of the first ones on the street if it comes to a furlough, but I want to come back to the same job. No concessions!
Thats’s pretty low IMO for them to jump straight to concessions before exploring VLOA and early out programs first. Temporary reduction of monthly guarantee should even be before paycut.
I love SWA, but I’ll put the LUV aside and vote NO! in a heartbeat if they start looking for a contract grab.
Thats’s pretty low IMO for them to jump straight to concessions before exploring VLOA and early out programs first. Temporary reduction of monthly guarantee should even be before paycut.
I love SWA, but I’ll put the LUV aside and vote NO! in a heartbeat if they start looking for a contract grab.
#33
Gets Weekends Off
Joined APC: Mar 2017
Posts: 588
They already are looking for a contract grab. It's not an "if".
We are about five WEEKS into the coronavirus crisis. Look how much has changed in the last five weeks.
They cannot furlough anyone, if they're going to do that, until Oct 1. That's more than five MONTHS away.
Who knows how much things will change between now and then? Who knows how the public's attitude will change toward the virus? Who knows what scientific developments will occur between now and then? Who knows?
As a symbolic gesture, let's start with the executive leadership team, all VP's and higher, giving up 75% of their total compensation package to include stock options, bonuses, and all other extras beyond their salary. Let the 75% haircut remain in place until the corporation returns to profitability and all concessions that any labor group may end up agreeing to as a result of the covid crisis eliminated. I'm sure even the lowliest VP would still be bringing in a couple of hundred thousand dollars per year even after a 75% pay package cut.
Let's also start with the senior executive team reimbursing the corporation their tens of millions of dollars in bonuses over the last several years for their, in light of the current situation, poor decision to buy back billions of dollars of shares. How useful would those extra billions and billions be to the corporation now? Instead, those billions of dollars in buy backs did nothing other than enrich Wall St investors, SWA executives, and SWA BOD members.
Then, let's talk, keeping in mind that SWA is the world's strongest airline financially. Let's keep in mind that when our pilot group needed improved pay and benefits, the executives dragged out our last negotiating cycle for five years. Let's also remember that when our mechanics needed improved pay and benefits, the executive dragged out their negotiations for seven-plus years and filed two lawsuits against their union.
If the executives feel like they need to pull the trigger on a furlough, let them blow one of the last remaining vestiges of illusion that we work for, as one person on another forum put it, a "family" airline.
Go ahead. Make my day.
We are about five WEEKS into the coronavirus crisis. Look how much has changed in the last five weeks.
They cannot furlough anyone, if they're going to do that, until Oct 1. That's more than five MONTHS away.
Who knows how much things will change between now and then? Who knows how the public's attitude will change toward the virus? Who knows what scientific developments will occur between now and then? Who knows?
As a symbolic gesture, let's start with the executive leadership team, all VP's and higher, giving up 75% of their total compensation package to include stock options, bonuses, and all other extras beyond their salary. Let the 75% haircut remain in place until the corporation returns to profitability and all concessions that any labor group may end up agreeing to as a result of the covid crisis eliminated. I'm sure even the lowliest VP would still be bringing in a couple of hundred thousand dollars per year even after a 75% pay package cut.
Let's also start with the senior executive team reimbursing the corporation their tens of millions of dollars in bonuses over the last several years for their, in light of the current situation, poor decision to buy back billions of dollars of shares. How useful would those extra billions and billions be to the corporation now? Instead, those billions of dollars in buy backs did nothing other than enrich Wall St investors, SWA executives, and SWA BOD members.
Then, let's talk, keeping in mind that SWA is the world's strongest airline financially. Let's keep in mind that when our pilot group needed improved pay and benefits, the executives dragged out our last negotiating cycle for five years. Let's also remember that when our mechanics needed improved pay and benefits, the executive dragged out their negotiations for seven-plus years and filed two lawsuits against their union.
If the executives feel like they need to pull the trigger on a furlough, let them blow one of the last remaining vestiges of illusion that we work for, as one person on another forum put it, a "family" airline.
Go ahead. Make my day.
#34
Gets Weekends Off
Joined APC: Mar 2017
Posts: 588
yep. I was at Comair during the strike. Saw some really shady stuff go down there, and no airline management will ever let a crisis go to waste during section 6. The best we can hope for is an uptick in travel sooner rather than later to take the teeth out of this crisis (and the virus to go away of course!)
#35
Gets Weekends Off
Joined APC: Aug 2015
Position: Captain
Posts: 1,561
wrong
United statistics after 9/11 and 2008 furloughs had 96% percent back
ask me how I know as well
#36
#38
New Hire
Joined APC: Nov 2017
Posts: 7
Furlough or concession. The question previously posed is interesting. "When was the last time a concession saved the company from a furlough?"
As someone who will be furloughed if the company goes that route, then do it. Look at how much money the company would save by furloughing 10%, 20%, and 30% of the pilots. If the amount saved on concession is going to keep the company running, then they have some serious financial revenue issues that a furlough is also imminent.
Nobody should want to take a pay cut, still get furloughed, and come back to that same pay cut.
Let the company continue its proud tradition of no furloughs based on no concessions.
As someone who will be furloughed if the company goes that route, then do it. Look at how much money the company would save by furloughing 10%, 20%, and 30% of the pilots. If the amount saved on concession is going to keep the company running, then they have some serious financial revenue issues that a furlough is also imminent.
Nobody should want to take a pay cut, still get furloughed, and come back to that same pay cut.
Let the company continue its proud tradition of no furloughs based on no concessions.
#40
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