Bonuses Inflame Air Unions

[BoeingBoy]

Sounds good, MMW, except that according to the filings the current cost of severence benefits for the 1800+ non-executives is over $25 million.

Jim

 

[calibrator]

made my point

 

[PITbull]

I've agreed to with Bob and Art and have posted various vents on this elsewhere so I'll abstain at this time. I'm having a hard enough time just dealing with the fact Art, Bob, and I agree.

But I would suggest, to Art and Bob, that actions speak louder than words.

No, I don't expect to see either on the turd brown bus. KC and I would save you guys a seat, but you've made it clear you can't deal with the horror of an unassigned seat. That's okay.

But the time has arrived for you to take your money and business elsewhere.

If not now, at what point is the "final straw"?

You and FFOCUS have been lied to, used as pawns, and I do mean used.

The employees have been lied to. The employees have seen their wages eviscerated. The goal was not, is not, has never been about saving this airline. The goal has been to slash the wages so they can merge it or sell it but there was never any desire on their (mgmts) part to save it.

My gut feeling is that continuing to send the crowd at CCY your money only serves to encourage them. You continue under the guise of trying to do something for the good employees. That briefs well, and actually is a noble intent, but the bottom line is your money is getting held up somewhere between the time you spend it and the time the employees draw their meager paycheck.

The money is flowing into the pockets of no good management.

Not finding another carrier NOW is simply rewarding them.

[post="269243"][/post]​

ELP,

Your post is the closest post I've seen to 100% correct. And I mean 100%!

 

[PITbull]

QUOTE
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.

SpinDoc replies:

700: Agreed that now is not such a good time
to hand out bonuses to VP level management;
however, how would you propose the company
retain the management team that knows
US processes best, and need to remain until
a merger is fully completed?

I fully agree that the management in place
right now has brought the company to where
it is through incompetent and inept decision
making. But the fact remans, the operation
must continue and the day to day needs of
US Airways have to to continue to be
met until it is absorbed into AWA.

I don't like it any more than any of the
union rank and file. My point was that
the MAIN reason they set aside the
$55 million (the largest percentage of
that) is to provide severance to lower
level management who will also be on the
street when AWA takes over.

The unions negotiated their own terms
and severance deals. So don't get upset
when low level management also has the
opportunity to receive severance.

[post="268606"][/post]​

Why should senior managment get any severance or retention bonus? They have made no move to leave. They are inept and need to be fired. They have not operated this airline, but rather took our cost savings to the floor in order to sell the company. I'll be damned if they should receive extra money...

 

[PITbull]

Ladies & Gentleman,

This is NOT about Class envy! It is NOT about organized Labor! What it is about is Character, Honesty, Values, Morality & Ethics or in this case the lack thereof.

If you can't see that a 55 MILLION Dollar payout to the parties that brought US to the point where it is today for what it is, I would suggest you grunt, grab your women by the hair and drag her back to the cave. You don't "Get it" and you never will.

The mere fact that US Airways Management would even attempt this type of money grab is indicative of how low modern business has sunk when it comes to having even the slightest notion of what is right and wrong.

Al Crellin presides over the Operations side of the business. Did he even bother to phone in when the Christmas meltdown was in progress? What about those under him in CCY? Where were they? Did any of them show up at minimum to lend moral support to the beleagured workers who hung in and did all that could be expected and more? But now they have their hand out for money!

Not only were these people referenced above not available during times of crisis, When called into account they hid and blamed hourly workers for their failure to plan. Their reaction would be like Teddy Roosevelt failing in his assault on San Juan Hill and blaming the union workers at the gun factory! Total CRAP!

I could fill a server on this topic. But I won't! Bottom Line?
CHARACTER COUNTS!
HONESTY COUNTS!
VALUES COUNT!
ETHICS COUNT!
MORALS COUNT!

When you evaluate the performance of Senior Staff at US Airways they not only do not deserve a bonus or severance packages, they IMO, OWE US AIRWAYS a refund on the monies they have been paid already.

As for those who support the notion that retentions bonuses are normal in certain businesses prior and during mergers I will say this. You're right, but usually they are paid for actual PERFORMANCE not warming a seat behind a desk.

DOT Report + Double Digit PAWOB's + DOT stats = FAILURE!!!
FAILURE = NO BUCKS FOR YOU BUNKIE!

OK USA320 I Double Dog no make that TRIPLE DOG DARE YOU to come on this thread and debate this issue. How does it feel to know that the dollars that you gave up in compensation go to the people ultimately responsible for the decline of US Airways? Tell us? I really want to hear how YOU feel?

[post="268815"][/post]​

Bob,

Something you should know. If the company should fire Al, he would walk away with multi-millions, and would make Siegel's contract pay out look like selling a used ford.

They can't get rid of him (he's old management with an old contract that no one changed or modified)... so we are stuck until someone else takes the company. :down:

 

[BoeingBoy]

All kidding aside can't they amend his contract via BK law?

[post="269931"][/post]​

Now Bob, you know it doesn't work that way when you've got "vice president" in front of your name. The only changes allowed have to be improvements.....

🙁

Jim

 

[Walmartgreeter]

Jim, just to throw a little more lighter fluid on the fire....Does anyone know what the total yearly cost of maintaining our retiree's medical benefits would be? I wonder how that number stacks up against over 50M. Greeter.

 

[BoeingBoy]

For the groups that didn't give it up before the court filing, there may be a number somewhere - if I get a chance I'll see what I can find.

Jim

 

[PITbull]

Jim, just to throw a little more lighter fluid on the fire....Does anyone know what the total yearly cost of maintaining our retiree's medical benefits would be?  I wonder how that number stacks up against over 50M. Greeter.

[post="270012"][/post]​

Walmart,

Here is a perspective...our pensions from the f/as that were terminated saved the company $52 million.

Somehow they found this money for the Senior management folks. Calseveter states its money already there because of jobs that are gone and not replaced.

If that were true, then the $22,000 out on the street workers, pay benefits and wages, should be calculated into our bogie numbers...that would put us in to the BILLIONS; like upwards of $4 billion in cost savings.

Why is it acceptable for the company to proport that the money is saved because of the workers in management that have moved on, but when labor resigns, terminates or retires, those numbers are NOT calculated in as savings? Are folks are not being replaced.

Just since December (without a furlough) the f/as ranks has decreased by 473.

Here is the Attrit: Dec: 152, Jan: 108 Feb: 106 March: 68 April: 39

So using the logic of the company who lost 300 manager types between 2004 and 2003, I think the f/as should be receiving raises.

 

[WestCoastGuy]

Im just curious if any of the Union Lawyers could file a request thru the BK court to negate the severance packages of the Exec's due to lack of fullfilling their fidutiary responsibility and allowing the meltdown of the operations over the past 12 months? It seems to me their total ineptitude cost multi millions in allowing the operation to flounder. Therefore, they did not fulfill their responsibilites of company officers in allowing this loss to occur when they could have prevented much of it. Im no lawyer, but to now reward this group for not doing their jobs, is simply beyond belief.

 

[insp89]

Again, we are talking about low level managers that may not be retained in a merger due to duplication of duties.  Those folks should be afforded the same severence opportunities as other employees that left voluntarily or were forced out.  Would you prefer that they just be tossed to the curb with nothing?

[post="269854"][/post]​

MarkMyWords, The "low level managers" that we again are talking about will not be tossed to the curb with nothing..

While these folks should be afforded the same severance opportunties as other employees,, They should of been afforded the same opportunity to participate in the companies "Concessionary Program" at the same percentage as other employees..They've ALREADY recieved their severance....

But have no fear, Bankrupcy Judge "Rubber Stamp" Mitchell will see to it they will get their severance ON TOP of the money they kept.....

 

[diogenes]

It seems to me the company could 'force' Al to accept their 'final offer', or have the judge abrogate his contract. BTDT,GTTS :angry:

Realistically, ain't gonna happen. CCY has gotten EVERYTHING they want, and I don't see change on the horizon.


Prediction: U, the zombie airline, will still be aloft in 3 years. Most current employees will be gone, or working for substantially less (if pilots, mechs and agents in the big stations think the giving has ended, they are DREAMING - can't wait to see the HP/US intergration.)

The political and business, foremost GE, powers that be have great interest in the U experiment going forward. Destruction of labor, outsourcing, insourcing (many of the replacement workers are recent immigrants - does anyone know if they passed a background check?). Flushing of pensions (with the aiding and abetting by the PBGC, protests to the contrary). Now that the virus has a host, it will spread to the rest of the legacies.

You can't read a business article these days without the greedheads pissing and moaning about pension and health care costs.

Well, the industrial countries we compete with ALL have universal health care, so the businesses in those countries don't bear those costs.

Apples to apples, anyone?

 

[BoeingBoy]

Airline's bonuses for execs delayed

ALEXANDRIA, Va. -The Unsecured Creditors Committee of US Airways has questions about the $55 million in bonuses and severance pay that the airline wants to give about 2,000 salaried employees, managers and executives.

So the airline is postponing until May 31 in the Alexandria, Va., bankruptcy court a hearing asking for permission to dole out the severance and bonuses.

Jim

 

[WestCoastGuy]

Airline's bonuses for execs delayed

ALEXANDRIA, Va. -
So the airline is postponing until May 31 in the Alexandria, Va., bankruptcy court a hearing asking for permission to dole out the severance and bonuses.

Jim

[post="270333"][/post]​

This should give Jerry enough time to spin it to the approval of the judge... :down:

 

[diogenes]

Airline's bonuses for execs delayed

ALEXANDRIA, Va. -The Unsecured Creditors Committee of US Airways has questions about the $55 million in bonuses and severance pay that the airline wants to give about 2,000 salaried employees, managers and executives.

So the airline is postponing until May 31 in the Alexandria, Va., bankruptcy court a hearing asking for permission to dole out the severance and bonuses.

Jim

[post="270333"][/post]​

Window dressing. It'll happen.