Profit sharing 2011
#91
You've made a very strong case for management to keep on time and profit sharing bonuses. It is achieving the results that management wants - motivating employees to work harder. For employees, a more profitable airline results in higher pay.
I tend to favor bonuses because this SHOULD be an area where management and employees have mutual interests - a profitable on-time airline that customers want to fly. The RLA complicates this equation.
I tend to favor bonuses because this SHOULD be an area where management and employees have mutual interests - a profitable on-time airline that customers want to fly. The RLA complicates this equation.
Until the "bonuses" are iron clad, fair and EQUITABLE, just give me the higher pay. Treat me the way you'd like to be treated and the way you'd like the customers treated and I will pull on my end of the rope.
The current bonus dynamic at UAL is a joke. My "bonus" checks are usually around 40 bucks. Meanwhile Jeff took home what....6, 8 million the day the deal was signed? Tague took home.....11.8 million the day he was shown the door?? Have you looked at the hundreds of millions that UAL execs have removed from the corp since Tilton showed up?
How much have UAL employees seen since our pathetic profit sharing program was initiated? They can and will manipulate the companies profits to give the employees the least amount possible.
In theory I agree with your premise. But in reality, FTP and show me the money. All we have gotten is shat upon for years. All of a sudden we're to expect real meaningful bonus checks? Not in my career. Where has this ever worked over the long term?
This isn't utopia. It's United.
Last edited by oldmako; 11-07-2011 at 05:45 AM.
#92
Dec 2 -- Rather than launching fire and brimstone in the direction of management, I would like to report a few positives this week. Let me start by repeating: the lion’s share of the phone calls and emails I have received lately deal with pilot frustration and anger. A vast majority of those, not surprisingly, include specific mention of profit sharing and angst over not being included in this year’s program. This has been of great concern to me and to everyone I have talked with, so I am pleased to report progress on this issue. This week, Capt. Owens and I worked with HR vice presidents Mike Bonds and Doug McKeen to find a way to include our pilots in that program. We have not yet found our way over all the hurdles, but I am optimistic enough to report to you that we are making headway. I hope to be able to provide good news soon.
When we are able to reach breakthroughs on important issues, I believe it is important to give credit where credit is due. In this case, every Flight Operations manager I have spoken to or worked with has tried to help us find a way to solve this. No one wants Feb. 14, the day that profit sharing payments are made, to come about with Continental pilots singularly excluded. It is not my habit to count my chickens before they hatch and it bears repeating that we have a few remaining significant details to resolve, so please do not rush out to spend this as-yet undelivered money. However, I wanted you to know that achieving profit sharing for Continental pilots is a top priority for us and we are working hard to find a way to make this happen.
When we are able to reach breakthroughs on important issues, I believe it is important to give credit where credit is due. In this case, every Flight Operations manager I have spoken to or worked with has tried to help us find a way to solve this. No one wants Feb. 14, the day that profit sharing payments are made, to come about with Continental pilots singularly excluded. It is not my habit to count my chickens before they hatch and it bears repeating that we have a few remaining significant details to resolve, so please do not rush out to spend this as-yet undelivered money. However, I wanted you to know that achieving profit sharing for Continental pilots is a top priority for us and we are working hard to find a way to make this happen.
#94
Their current contract's profit sharing sunsetted after amenable date in 2009. There was no just-in-case backup plan.
BTW, UAL pilots' profit sharing has no sunset regardless of amenable date.
You get what you negotiate.
Last edited by APC225; 12-02-2011 at 05:00 PM.
#95
If it's same as TPA, for CAL pilot a check of $2800 per $100k on W2.
$4200 per W2 $100k for UAL, contractually guaranteed and not subject to TPA.
Both are post-40% tax withholding. And total WAGs.
$4200 per W2 $100k for UAL, contractually guaranteed and not subject to TPA.
Both are post-40% tax withholding. And total WAGs.
2010
Profit Sharing Accrual $224M
UAL Pilot Share 5.9% of W2
CAL Pilot Share 3.9% of W2
[updated with 3rd quarter numbers]
2011 Jan-Sep
Profit Sharing Accrual $242M
UAL Pilot Share TBD% of W2
CAL Pilot Share ZERO
The profit sharing accrual this year already exceeds all of last year. Assuming UCAL earns as much (as a percentage of 3rd quarter) in the 4th quarter this year as it did last year, they will earn $278M in Q4 for another profit share accrual of $55M for a total profit share accrual in 2011 of $297M. This is a 19% increase over last year.
If this 19% increase is applied to the 5.9% of W2 that UAL pilots got last year, then UAL pilots may get over 7% of their W2 this year.
If this 19% increase is applied to the profit sharing that 58% of the CAL pilots voted for in C02, and to what the union was able to achieve in the TPA, CAL pilots will get ZERO.
Happy Valentine's Day.
Profit Sharing Accrual $224M
UAL Pilot Share 5.9% of W2
CAL Pilot Share 3.9% of W2
[updated with 3rd quarter numbers]
2011 Jan-Sep
Profit Sharing Accrual $242M
UAL Pilot Share TBD% of W2
CAL Pilot Share ZERO
The profit sharing accrual this year already exceeds all of last year. Assuming UCAL earns as much (as a percentage of 3rd quarter) in the 4th quarter this year as it did last year, they will earn $278M in Q4 for another profit share accrual of $55M for a total profit share accrual in 2011 of $297M. This is a 19% increase over last year.
If this 19% increase is applied to the 5.9% of W2 that UAL pilots got last year, then UAL pilots may get over 7% of their W2 this year.
If this 19% increase is applied to the profit sharing that 58% of the CAL pilots voted for in C02, and to what the union was able to achieve in the TPA, CAL pilots will get ZERO.
Happy Valentine's Day.
Last edited by APC225; 12-02-2011 at 08:06 PM.
#96
Gets Weekends Off
Joined: Nov 2008
Posts: 1,415
Likes: 0
From: B-777 left
When they negotiated the transition agreement 18 months ago they figured a new contract with profit sharing would be done by the end of this year so they only got profit sharing for 2010. There was no just-in-case backup plan.
Their current contract's profit sharing sunsetted after amenable date in 2009. There was no just-in-case backup plan.
BTW, UAL pilots' profit sharing has no sunset regardless of amenable date.
You get what you negotiate.
Their current contract's profit sharing sunsetted after amenable date in 2009. There was no just-in-case backup plan.
BTW, UAL pilots' profit sharing has no sunset regardless of amenable date.
You get what you negotiate.
#97
Banned
Joined: Oct 2010
Posts: 690
Likes: 0
From: IAH 737 CA
I hope that the "hurdle" isn't the same one the FA's had. Sign this contract or else their won't be any profit sharing. Not a stretch here as it worked for mgmt and the FA's signed the deal.
#98
Thx apc, I guess I figured we would have a contract by now also with a pay raise. All that being said are you guys now trying to get the 2011 profit sharing as some type of side letter? Are we spending a lot of time and resources on this one item instaed of the entire collective bagaining agreement? Thx
This will be compounded by the fact that it will be a total surprise to the large number of pilots who are completely disconnected from any information flow. It's pretty amazing (you mean we have guys on furlough? was a common cockpit statement in the recent past). This will be further compounded by the total loss of respect for this group, from the ramper to the CEO, who all were smart enough to ink ironclad agreements to get a piece of the synergy pie for this, the most profitable year in history, a projected $1.6B--all except the CAL pilots. Their timing is impeccable.
So, yes, I think they're trying hard to get profit sharing. Even the company may have some self-interest here. They want to have happytime on 2/14/12 that the publicity machine can spin, they want to do the union leadership a favor so when it comes times to return the favor it will be hard to say no, and finally, although incredibly unlikely, not-getting-it discontent may finally tip the pilot group away from it's usual helpful can-do attitude. After all they've been getting on time time checks since it was called Varney Speed Lines.
I don't think there should any discussion on it all. It isn't there, don't use any leverage to get, don't take any favors. There isn't the faintest hint of a contract yet. That should be the only concern.
Last edited by APC225; 12-03-2011 at 07:27 AM.
#99
The union leadership sees this as high priority because of the obvious discontent that will come on 2/14/12 when CAL pilots find they are the only employee group between the two companies that aren't getting a check. The union leadership will be blamed for this failure and, along with the general malaise in the group, may face lack of support, support they will sorely need as negotiations near the finish line.
This will be compounded by the fact that it will be a total surprise to the large number of pilots who are completely disconnected from any information flow. It's pretty amazing (you mean we have guys on furlough? was a common cockpit statement in the recent past). This will be further compounded by the total loss of respect for this group, from the ramper to the CEO, who all were smart enough to ink ironclad agreements to get a piece of the synergy pie for this, the most profitable year in history, a projected $1.6B--all except the CAL pilots. Their timing is impeccable.
So, yes, I think they're trying hard to get profit sharing. Even the company may have some self-interest here. They want to have happytime on 2/14/12 that the publicity machine can spin, they want to do the union leadership a favor so when it comes times to return the favor it will be hard to say no, and finally, although incredibly unlikely, not-getting-it discontent may finally tip the pilot group away from it's usual helpful can-do attitude. After all they've had on time time checks since it was called Varney Speed Lines.
I don't think there should any discussion on it all. It isn't there, don't use any leverage to get, don't take any favors. There isn't the faintest hint of a contract yet. That should be the only concern.
This will be compounded by the fact that it will be a total surprise to the large number of pilots who are completely disconnected from any information flow. It's pretty amazing (you mean we have guys on furlough? was a common cockpit statement in the recent past). This will be further compounded by the total loss of respect for this group, from the ramper to the CEO, who all were smart enough to ink ironclad agreements to get a piece of the synergy pie for this, the most profitable year in history, a projected $1.6B--all except the CAL pilots. Their timing is impeccable.
So, yes, I think they're trying hard to get profit sharing. Even the company may have some self-interest here. They want to have happytime on 2/14/12 that the publicity machine can spin, they want to do the union leadership a favor so when it comes times to return the favor it will be hard to say no, and finally, although incredibly unlikely, not-getting-it discontent may finally tip the pilot group away from it's usual helpful can-do attitude. After all they've had on time time checks since it was called Varney Speed Lines.
I don't think there should any discussion on it all. It isn't there, don't use any leverage to get, don't take any favors. There isn't the faintest hint of a contract yet. That should be the only concern.
Get the JCBA done - should be the ONLY focus period.
#100
I agree. JCBA only right now.
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