Bonuses Inflame Air Unions

[Bohica]

WHy don't these poeple go back to school?

I suspect if you looked around all the furloughed pilots you would find MANY people more educated and qualified. Certainly more than the number that you need to "Retain"

Its crap, its an old boys club, and its based on essentially bogus qualifications in many cases, and absolutely fictional needs in others.

BOHICA

 

[SpinDoc]

This is unbelievable.

REMEMBER this group of people DID NOT precipitate in the last round of concessions!!

And now they are getting bonuses.

I am glad I am leaving. I am ashamed to work for such a lousy company.

[post="268386"][/post]​

These types of commentary only show
your true ignorance of the purpose of the
filing. The company has asked the judge
to set aside $55 million for severance
payments to management employees
who may be let go after a merger is
consummated with HP.

Did they cancel the union severance
packages recently? I don't think so.
It's unbelievable how some people
have misinterpreted this matter.

 

[700UW]

These types of commentary only show
your true ignorance of the purpose of the
filing. The company has asked the judge
to set aside $55 million for severance
payments to management employees
who may be let go after a merger is
consummated with HP.

[post="268449"][/post]​

Maybe you are the one who interpeted it wrong:

New contracts for the company's top 25 executives, at a cost of up to $18 million. Some of the details of the payments would actually be less generous than their current employment contracts allow. For instance, the company's nine executive and senior vice presidents -- who earn up to $317,000 a year -- would take only twice their annual salary in severance, as opposed to triple their annual salaries now guaranteed under their contracts.

The bulk of the incentives -- up to $32 million -- would be in the form of a promise of severance benefits to up to 1,900 salaried workers who might not be retained if US Airways merges with America West.

A fund of up to $5 million for the airline's chief executive to pay on a case-by-case basis to encourage an employee to stay with the company. Nobody would be allowed to take more than $50,000 under this program.

 

[Hope777]

The part is the Union Employees have given again while Management has not. The problem here, is that MOST of the $55 MILLION is earmarked for the NINE OFFICERS that are running this company into the ground. Yes most NON_CONTRACT CLERKS, Book Keepers, Fuel Admin and those do deserve something, but it is a Slap to the Face of the Utility and FSA personel with as much time with U if not more, are shown the door. And Airbi guy, yes I can leave but at this point my own business is doing very well and when the doors close here, I will let the Goverment pay for my additional schooling.

 

[Whatnow?]

People we need to give this a rest. Retention bonuses are common practice during corporate bankruptcies, mergers and aquisitions. If losing these people jeopardizes a possible merger with AmericaWest or any airline for that matter, or just jeopardizes the survival of the company; it might be money well spent. I just hope the judge takes a very close look at the 1900 or so people on the list and determines if they are truely critical to this company and also makes sure that the $55,000,000 isn't excessive......it does sound a bit excessive to me though.....just my opinion. <_< :blink:

 

[airbiiguy]

The part is the Union Employees have given again while Management has not. The problem here, is that MOST of the $55 MILLION is earmarked for the NINE OFFICERS that are running this company into the ground. Yes most NON_CONTRACT CLERKS, Book Keepers, Fuel Admin and those do deserve something, but it is a Slap to the Face of the Utility and FSA personel with as much time with U if not more, are shown the door. And Airbi guy, yes I can leave but at this point my own business is doing very well and when the doors close here, I will let the Goverment pay for my additional schooling.

[post="268455"][/post]​

Good for you. Most of the poeple here are too lazy to get off their a**es to make themsleves more valuable in the marketplace.

 

[JAMAKE1]

Can anyone honestly say that the crew in CCY is the best at anything?

[post="268442"][/post]​

I love it how people on here just lump every finance person, revenue accountant, and financial analyst who just happens to have their office located at CCY as part of the INEPT management at USAirways...

 

[delldude]

I love it how people on here just lump every finance person, revenue accountant, and financial analyst who just happens to have their office located at CCY as part of the INEPT management at USAirways...

[post="268463"][/post]​

ah ha ha ha...we got you in BK one and now we gonna do you again....ah ha ha ha....

 

[JAMAKE1]

Instead of managerial accounting, maybe you should have taken a Dale Carnegie course???

[post="268442"][/post]​

El Paso Man...

I don't know what you are talking about. Was that meant to be an insult? :huh:

 

[JAMAKE1]

For the record, I happen to be a flight attendant...for United. I just don't happen to subscribe to the class envy that seems to afflict so many of you.

 

[EyeInTheSky]

For the record, I happen to be a flight attendant...for United. I just don't happen to subscribe to the class envy that seems to afflict so many of you.

[post="268471"][/post]​

This isn't about class envy; it's about fairness. Let's face it, if the frontline folks screw up, you see it on the evening news. Executive level management at CCY screws up and they get bonuses? Let them leave; there are tons of frontline folks doing the same. Why should they be any different? BTW, don't you guys have some big management fish to fry at UAL?

 

[RowUnderDCA]

Maybe you are the one who interpeted it wrong:

[post="268453"][/post]​

700-

It's stunning that you'd use those quotes to contradict Jamake. On balance, they support Jamake's point. One or two sentences taken out of context could support your contention that the 'bonus/retention program' is unreasonable. I agree that the amount is high, but the $18 million dollars is a new contract for 25 executives and might be less than the options they currently have.

If you're going to take a quote and use it to throw aspersions on somebody else's reasoning abilities, you might want to find something that actually contradicts the reasoning in question. You do this ALL the time to USA320.

A out of context and unsupportive tid-bit, with 'once again, dont let the facts get in your way' is not a refutation.

 

[hp_fa]

I do find it rather misguided when the AFA contests retention bonuses that, in this case, USAirways needs to pay in order to RETAIN highly-skilled talent from fleeing to other airlines or other industries where they could COMMAND more money based on the skill-set that these employees bring to their position.

[post="268438"][/post]​

You're kidding, right? This is the same management team that Bronner wants to send golfing for the rest of their lives?

 

[usair_begins_with_u]

Taking classes will make you more knowledgeable, not necessarily smarter...

 

[700UW]

RowUnderDCA,

Go read my post again and take time, I am replying to SpinDoc, as you can see he is quoted in my post, not JAMAKE1.