Cnbc

[28yrsnojob]

Golden sacks says unions will give enough to keep company afloat. Say next 2
to 3 weeks something has to give.

 

[Art at ISP]

Do you mean Goldman Sachs?

Golden Sacks has a slightly different connotation ;0

 

[GadgetFreak]

Do you mean Goldman Sachs?

Golden Sacks has a slightly different connotation ;0

[post="176696"][/post]​

6 on one hand, half dozen on the other..... 😉

 

[Formatman]

I like "Golden Sacks"...that really too funny! That's what the executives at this company are looking for from all the common workers!

 

[28yrsnojob]

THAT WHY I CALL THEM GOLDEN SACK ,THEIR LOOKING FOR A SACK FULL OF MONEY FROM EACK OF THE 28000 EMPLOYEES.

 

[TheLarkAscending]

I haven't laughed this hard at anything, on this board, in a very long time. Golden Sacks - that will give me a chuckle all day, thanks!

 

[robbedagain]

Golden sacks says unions will give enough to keep company afloat. Say next 2
to 3 weeks something has to give.

[post="176695"][/post]​

can you say bankruptcy is the only way this inept mgmt team and the judge will force the employes to give up more now and we will be the only airline in the history of this country to have given up and become the high flying company called walmart air!

 

[US1YFARE]

Golden Sacks????? Isn't that what Seigel & Cohen left with?

[post="176704"][/post]​

That and Brass Sacks.

 

[mrfish3726]

USAIR doesn't have 2 to 3 weeks to pull this together. They'll file BK by weeks end and force the unions in BK court to GIVE, GIVE, GIVE. They don't meet that ATSB convenant they are in DEEP DU-DU. Wish you all the best of luck, BEEN there done that!

 

[oldiebutgoody]

Not only that, but concessions now mean nothing in regards to the ATSB covenant at the end of the month. The only thing I know of that might help would be trashing of the IAM and F/A retirement, which would put the company ahead by 130 mil. I'll bet that EVEN if the company goes chapter 11 just to NOT pay this that the PBGC lawyers force the company to fight a legal battle over it. Ain't gonna be a gimme, especially with UAL looking at dumping something like 8 Billion dollars worth of pension debt on 'em pretty soon. I suspect that if the company intends to make the airline work they'd better be trying to avoid chapter 11. Ain't gonna be a cakewalk (whatever that is) like last time.

 

[wings396]

The IAM-FSA group have no pension to strip, as it was done long ago...1992-93.

 

[MsRes]

Also...don't count on Res or Customer Svc either. Our pensions went bye-bye about the same time in 1993. Since we had no union representation back then it was easy for them to take what they wanted...and they did!!!! Funny how few of the other unions ever noticed our little contribution to the company at that time!!

Regards,
MsRes