We Got a T/A!!
01-30-2018 | 03:51 PM
#2
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Joined: May 2015
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gonna be an interesting Few weeks! the terd crowd, the dooms dayers, the delta plus 1% crowd, are gonna need some heartburn meds the next 30 days.. But if the details aren't total garbage, I'm looking forward to a nice raise on March 1.. Im even betting the sun rises that day too
01-30-2018 | 04:25 PM
#6
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Joined: Apr 2017
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01-30-2018 | 04:28 PM
#7
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Joined: May 2015
Posts: 490
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Investors will appreciate some labor peace.. however, adding lets say $90,000 per pilot (bonus, salary, LTD premiums, social security) for 1800 pilots is $162 million. or roughly 61% of ALL of 2016s yearly profits..Or roughly 17% of the total current cash on hand.. don't be surprised if earnings takes a huge hit. Revenues will have to rise. The tax cut offsets some, but its just a dent compared to the cost of the contract. Thats the cost of doing business these days. CASM will greatly increase .. The stock could be volatile in the short term
01-30-2018 | 04:38 PM
#8
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Joined: Nov 2015
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It's too bad, but profit sharing, even a small token percent, would go a long way towards employees making the company work more efficiently. 3-5% gains in productivity and efficiency wouldn't be unsurprising if the employees had a dog in the fight. As it is we're being treated like outside contract workers, no incentives whatsoever to help out the company.
Plus, with the mediation board saying no matter how great we make the company we'll be held to an arbitrary pay raise percentage, there is certainly an arbitrary level of employee give-a-shxt associated with that. Spirit can't grow and thrive without employee buy-in, and a bottom tier contract with no profit sharing (while corp mgt rakes in the cash themselves) is not the way to get any sort of employee buy-in.
Plus, with the mediation board saying no matter how great we make the company we'll be held to an arbitrary pay raise percentage, there is certainly an arbitrary level of employee give-a-shxt associated with that. Spirit can't grow and thrive without employee buy-in, and a bottom tier contract with no profit sharing (while corp mgt rakes in the cash themselves) is not the way to get any sort of employee buy-in.
01-30-2018 | 05:12 PM
#9
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Joined: Apr 2016
Posts: 778
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From: A320 CA
They lost any sort of "Employee Buy-In" just by the way they've treated these negotiations.
They insulted us verbally. Then they insulted us through action by no-showing negotiations. Then they sued us. And then they managed our expectations down through extreme lowballing that they knew would stall the process.
Are we just supposed to forget all about the past 3 years of gaslighting, which they pulled off in textbook fashion, by the way, and go back to High Fives and Free Smiles?
I was proud to work for Spirit when I was hired. They made me feel like I was a part of something special, like "The Little Airline That Could." They could pay me Delta 777 +1, but it won't make me forget how we were treated the last 3 years.
They insulted us verbally. Then they insulted us through action by no-showing negotiations. Then they sued us. And then they managed our expectations down through extreme lowballing that they knew would stall the process.
Are we just supposed to forget all about the past 3 years of gaslighting, which they pulled off in textbook fashion, by the way, and go back to High Fives and Free Smiles?
I was proud to work for Spirit when I was hired. They made me feel like I was a part of something special, like "The Little Airline That Could." They could pay me Delta 777 +1, but it won't make me forget how we were treated the last 3 years.
01-30-2018 | 05:29 PM
#10
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Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
They lost any sort of "Employee Buy-In" just by the way they've treated these negotiations.
They insulted us verbally. Then they insulted us through action by no-showing negotiations. Then they sued us. And then they managed our expectations down through extreme lowballing that they knew would stall the process.
Are we just supposed to forget all about the past 3 years of gaslighting, which they pulled off in textbook fashion, by the way, and go back to High Fives and Free Smiles?
I was proud to work for Spirit when I was hired. They made me feel like I was a part of something special, like "The Little Airline That Could." They could pay me Delta 777 +1, but it won't make me forget how we were treated the last 3 years.
They insulted us verbally. Then they insulted us through action by no-showing negotiations. Then they sued us. And then they managed our expectations down through extreme lowballing that they knew would stall the process.
Are we just supposed to forget all about the past 3 years of gaslighting, which they pulled off in textbook fashion, by the way, and go back to High Fives and Free Smiles?
I was proud to work for Spirit when I was hired. They made me feel like I was a part of something special, like "The Little Airline That Could." They could pay me Delta 777 +1, but it won't make me forget how we were treated the last 3 years.
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