Blueskies,
Although I agree with your posts it does hurt the ego to have an outsider, albeit a friendly one, remind us of how crummy things are here. We just get defensive so please don't take it personally. All the majors are not really that far from where we are so the stones and glass houses thing comes to mind. I appreciate your concern for us so don't take it personal I doubt Bus is thinking we are in better shape than you, for now. It would be nice however if during these troubling times you didn't post a GIGANTIC NORTHWEST LOGO on our board.
I have read the IAM term sheet and have posted it here. I don't see where it addresses these massive outsourcings and base closures. Are people implying based upon speculation of what they want to think or is it based on something I am missing here. Not at all trying to start trouble just need to find out where it says these things. I do see where it removes current grievences related to outsourcing and furloughs but I don't read deeper than a forgiveness of current outstanding grievences.
IAM 141 Company Proposal
08/28/02 1:43 PM
TERM SHEET REQUlREMENTS
Effective Date Subject to the conditions described below, the effective date of the
Union's participation in the Recovery Program will be [ ].3
Contract The amendable dates of the 141 Agreements will be extended to Extension [ ].4 The provisions in the 141 Agreements concerning opening of negotiations, completion of negotiations and request for release will likewise be extended for [ ] .
Revisions to All The hourly pay rates and premiums contained in the 141
Pay Factors: Agreements will be revised as follows:
· .For all classifications, all base hourly pay rates, premium
pay rates and all other pay factors (including but not limited
to line, shift, longevity pay and Hawaii Differential) in
effect on May 14,2002 will be reduced by 9.5%.
· .Cancel the base hourly pay rate increases scheduled for June 1,2003 and July 1,2004.
· .Cancel the premium rate increase (Service Director) scheduled for June 1,2003.
· .The base hourly pay rates will be increased by 1.5 percent
each year effective on the anniversary of the Effective Date until [ ].
Medical and Modify the Medical and Dental Plans to provide that employees
Dental shall contribute 20% of the cost of the coverage. For an employee
Coverage who chooses the HMO or Dental HMO option, if the cost of th
Contribution HMO or DHMO exceeds the cost of the PPO, the employee share
of the cost for the HMO or DHMO shall be equal to the employee
share of the cost of the PPO option plus 100% of the additional
cost.
2 The parties agree to amend the Agreements and execute such other agreements or documents as may be necessary to achieve the final terms of this Term Sheet.
3 The Effective Date will be the first calendar day of the calendar month following the closing of an A TSB loan facility.
4 The amendable date of the 141 Agreements will be extended to [the date immediately before the end of the term of the A TSB loan facility.]
IAM 141 Company Proposal 08/28/021 :43 PM
Success
Sharing Open for discussion.
Job Security Modify Letter 94-5 of the Ramp and Stores and Security Officers' Agreements, Letter 02-05 of the Public Contact Employees' Agreement and Letters 84-15,84-16,87-10 and 94-5 of the Food Services Agreement.
Settlement of Grievances The Union will withdraw with prejudice all grievances challenging reduction in force and outsourcing.
Documentation The Union's and the Company's participation in the Recovery
and Approvals Program will be contingent on (i) full and complete documentation of this Term Sheet in a manner acceptable to the Company and the Union not later than , ___2002, (ii) approval by the Union, (iii) membership ratification, (iv) such approvals by the UAL Board of Directors and Board committees as the Company deems necessary and (v) a commitment for a substantial loan facility for the Company guaranteed in substantial part by the Air Transportation Stabilization Board on terms reasonably acceptable to the
Company. The Company reserves the right to terminate its participation in the event the Company invokes the protections of the Bankruptcy Code prior to the fulfillment of the foregoing contingencies.