A Problem With 5% Profit Sharing
01-28-2012 | 07:03 PM
#1
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A Problem With 5% Profit Sharing
So please explain how the LUAL employees, specifically the pilots are getting their PS percentage dropped from 5.9% to 5% and the LCAL guys are getting theirs increases from 3.9% to 5%. And how is this not at the expense of the UAL side?
01-28-2012 | 07:10 PM
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Where did you see the final number being 5%? I haven't seen that info anywhere. As far as 5% across the board, I guess we're all in this together now right?
I guess since last year United got 5.3% and we got 3.9%, they are splitting the difference? I don't know...
I guess since last year United got 5.3% and we got 3.9%, they are splitting the difference? I don't know...
01-28-2012 | 07:23 PM
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From: 787 Capt.
Even though the company made more money in 2011 than in 2010 the LUAL employees are the only ones getting less than last year. The UAL employees are getting 15.3% less than last year and the LCAL side is getting a 28.2% increase in profit sharing from last year
Now I got this from Skynet and I assume when they said UAL employees are getting 5% I assume that means both LUAL and LCAL.
Now I got this from Skynet and I assume when they said UAL employees are getting 5% I assume that means both LUAL and LCAL.
01-28-2012 | 07:38 PM
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From: IAH 737 CA
Even though the company made more money in 2011 than in 2010 the LUAL employees are the only ones getting less than last year. The UAL employees are getting 15.3% less than last year and the LCAL side is getting a 28.2% increase in profit sharing from last year
Now I got this from Skynet and I assume when they said UAL employees are getting 5% I assume that means both LUAL and LCAL.
Now I got this from Skynet and I assume when they said UAL employees are getting 5% I assume that means both LUAL and LCAL.
I think you are jumping the gun here. If it's in your CBA and hasn't been amended in the TPA, then you should still get the same or more than you got last year. The 5% figure came from UAL and Jeff after the 4th quarter results were announced.
01-28-2012 | 07:43 PM
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So where should I infer that 5% really means more than 5%
01-28-2012 | 08:23 PM
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From: 787 Capt.
I am just quoting what is on Skynet straight out of Jeff's mouth. Our CBA language regarding PS hasn't changed so there shouldn't be any change. The percentage should be higher because the profit was higher for 2011. Apparently only you guys are getting the increase.
01-28-2012 | 10:19 PM
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I could be waaaayyyyy out in left field here, but I believe our profit sharing results were split out last year. UAL employees got paid on L-UAL's profits, and CAL employees got paid on L-CAL's profits. UAL did better financially than CAL did last year, so we got a higher percentage PS figure. This year, the financials are combined, so combining the two employee pools will dilute the results; ie, the NEW UAL didn't do as well financially as the L-UAL so the L-UAL employees get less. The NEW UAL did better than L-CAL so L-CAL will get more.
01-29-2012 | 03:16 AM
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I could be waaaayyyyy out in left field here, but I believe our profit sharing results were split out last year. UAL employees got paid on L-UAL's profits, and CAL employees got paid on L-CAL's profits. UAL did better financially than CAL did last year, so we got a higher percentage PS figure. This year, the financials are combined, so combining the two employee pools will dilute the results; ie, the NEW UAL didn't do as well financially as the L-UAL so the L-UAL employees get less. The NEW UAL did better than L-CAL so L-CAL will get more.
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