Expect 50% pay cuts next week
03-16-2020, 11:42 AM
#21
Line Holder
Joined APC: Oct 2015
Position: A320 CA
Posts: 34
Originally Posted by AxlF16
You know how this works right?
1) Voluntary pay cuts to save the company (pilots take a larger % since we're leaders) in exchange for a promise (no involuntary furloughs I suppose),
2) Promises will be broken and furloughs will begin anyway,
3) Mgmt will come back asking for more cuts (all employee groups will claim the pilots are bankrupting the company) claiming that we may have to liquidate in XX days,
4) Maybe a BK filing if financials dire enough or strategic value of reducing labor costs outweigh risk of BK (unlikely IMO unless we previously agreed to trade $ for UAL stock),
5) Economy improves and profits return to UAL,
6) Shareholders see big gains and Mgmt rewards themselves for saving the company,
7) Mgmt reminds labor groups that "A contract is a contract".
Ask me how i know...
There are 2 things that are as certain as sunrise and death. First, Pilots can NOT save this company even if we worked for free. Second, any voluntary reduction in compensation only lowers the starting point for the eventual INvoluntary reductions.
For now I will trust my union and pay close attention to their communications.
I forgot 1 addition thing that I know for sure. This pilot group will do everything we can to take care of EVERY United pilot. Good luck to us all!
1) Voluntary pay cuts to save the company (pilots take a larger % since we're leaders) in exchange for a promise (no involuntary furloughs I suppose),
2) Promises will be broken and furloughs will begin anyway,
3) Mgmt will come back asking for more cuts (all employee groups will claim the pilots are bankrupting the company) claiming that we may have to liquidate in XX days,
4) Maybe a BK filing if financials dire enough or strategic value of reducing labor costs outweigh risk of BK (unlikely IMO unless we previously agreed to trade $ for UAL stock),
5) Economy improves and profits return to UAL,
6) Shareholders see big gains and Mgmt rewards themselves for saving the company,
7) Mgmt reminds labor groups that "A contract is a contract".
Ask me how i know...
There are 2 things that are as certain as sunrise and death. First, Pilots can NOT save this company even if we worked for free. Second, any voluntary reduction in compensation only lowers the starting point for the eventual INvoluntary reductions.
For now I will trust my union and pay close attention to their communications.
I forgot 1 addition thing that I know for sure. This pilot group will do everything we can to take care of EVERY United pilot. Good luck to us all!
03-16-2020, 11:48 AM
#22
On Reserve
Joined APC: Feb 2020
Posts: 15
Since this thread has touched on monetary issues, I have a questions about our PRAP. This is a hypothetical, worst-case scenario, so please understand I'm not running to the bank as I type this. Just wondering if it's even possible to tap into PRAP retirement savings? I understand all the penalties and implications of early withdrawal. I just don't know if the PRAP is different than a standard 401K, and if we do, or do not, have the ability to make early withdrawals. Thanks to anyone who responds.
Yermom
Yermom
03-16-2020, 11:54 AM
#23
You look like a nail
Joined APC: May 2012
Posts: 451
Originally Posted by Yermom
Since this thread has touched on monetary issues, I have a questions about our PRAP. This is a hypothetical, worst-case scenario, so please understand I'm not running to the bank as I type this. Just wondering if it's even possible to tap into PRAP retirement savings? I understand all the penalties and implications of early withdrawal. I just don't know if the PRAP is different than a standard 401K, and if we do, or do not, have the ability to make early withdrawals. Thanks to anyone who responds.
Yermom
Yermom
03-16-2020, 12:09 PM
#26
You look like a nail
Joined APC: May 2012
Posts: 451
For everyone freaking out about pay cuts, just stop.
Yes, we’ll be asked to share the burden, but don’t let fear cause you to think it’s your responsibility to rush to put your head on the block.
I trust that our MEC will get accurate info and respond appropriately. For many of us, this isn’t our first rodeo.
Take of yourself, take care of your family, take care of each other.
Yes, we’ll be asked to share the burden, but don’t let fear cause you to think it’s your responsibility to rush to put your head on the block.
I trust that our MEC will get accurate info and respond appropriately. For many of us, this isn’t our first rodeo.
Take of yourself, take care of your family, take care of each other.
03-16-2020, 01:46 PM
#27
Gets Weekends Off
Joined APC: Feb 2020
Posts: 142
Originally Posted by biigD
^^^^ it’s much more *fun* for people to spread misery. Pretty much the textbook definition of trolling. Why do you think that almost everyone posting doom and gloom is a new account?
APC is terrible about this even in good times. It’s to the point that I’m just here for the United drinking thread, and I’m not even a United pilot.
APC is terrible about this even in good times. It’s to the point that I’m just here for the United drinking thread, and I’m not even a United pilot.
03-16-2020, 01:58 PM
#28
Banned
Joined APC: Feb 2011
Position: 756 Left Side
Posts: 1,629
Mods-
How the hell do you allow people to create a profile and then their first posts are an inflammatory thread?
Ya actually sent me an infraction last week because I told a Mar2020 join date thread starter (TinCup) that he was a tool and to **** off.
Then you banned me afterwards based on another thread?!
Now a 'new' Mar2020 join date poster starts a panic thread.
Do you, as Mods.. not have any responsibility for that?!
How about this-
Everyone who has an account on here has to also have their emails listed in their profiles?
There has GOT to be a way to prevent people from creating a profile at 10am, and then starting inflammatory threads or writing BS/lie posts.
FS, FP & FtC
Motch
PS) Remain Calm, this too shall pass
How the hell do you allow people to create a profile and then their first posts are an inflammatory thread?
Ya actually sent me an infraction last week because I told a Mar2020 join date thread starter (TinCup) that he was a tool and to **** off.
Then you banned me afterwards based on another thread?!
Now a 'new' Mar2020 join date poster starts a panic thread.
Do you, as Mods.. not have any responsibility for that?!
How about this-
Everyone who has an account on here has to also have their emails listed in their profiles?
There has GOT to be a way to prevent people from creating a profile at 10am, and then starting inflammatory threads or writing BS/lie posts.
FS, FP & FtC
Motch
PS) Remain Calm, this too shall pass
03-16-2020, 02:41 PM
#29
Moderate Moderator
Joined APC: Mar 2008
Position: Curator at Static Display
Posts: 5,681
Originally Posted by horrido27
Mods-
How the hell do you allow people to create a profile and then their first posts are an inflammatory thread?
Ya actually sent me an infraction last week because I told a Mar2020 join date thread starter (TinCup) that he was a tool and to **** off.
Then you banned me afterwards based on another thread?!
Now a 'new' Mar2020 join date poster starts a panic thread.
Do you, as Mods.. not have any responsibility for that?!
How about this-
Everyone who has an account on here has to also have their emails listed in their profiles?
There has GOT to be a way to prevent people from creating a profile at 10am, and then starting inflammatory threads or writing BS/lie posts.
FS, FP & FtC
Motch
PS) Remain Calm, this too shall pass
How the hell do you allow people to create a profile and then their first posts are an inflammatory thread?
Ya actually sent me an infraction last week because I told a Mar2020 join date thread starter (TinCup) that he was a tool and to **** off.
Then you banned me afterwards based on another thread?!
Now a 'new' Mar2020 join date poster starts a panic thread.
Do you, as Mods.. not have any responsibility for that?!
How about this-
Everyone who has an account on here has to also have their emails listed in their profiles?
There has GOT to be a way to prevent people from creating a profile at 10am, and then starting inflammatory threads or writing BS/lie posts.
FS, FP & FtC
Motch
PS) Remain Calm, this too shall pass
Unfortunately: Mods have ZERO control over the vetting process. If a banned guy creates a new disposable email account, he can get back in. We have asked IB to change this; they don’t even know we exist.
And: he technically hasn't done anything that violates the TOU....yet.
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