Early out instead of retro?

[AAmechanic]

From AA's negotiations website:

" The company is willing to engage in further discussion relative to an early out incentive program as was proposed by the TWU as an alternative to the TWU’s previous proposal that included retroactive pay."

I guess the TWU negotiators want their early out, and those of us that are left behind won't get anything for waiting years on this contract!

 

[Bob Owens]

From AA's negotiations website:

" The company is willing to engage in further discussion relative to an early out incentive program as was proposed by the TWU as an alternative to the TWU’s previous proposal that included retroactive pay."

I guess the TWU negotiators want their early out, and those of us that are left behind won't get anything for waiting years on this contract!

Thats not worded correctly, those who chose to take the Early out would get a package instead of Retro, those who stay would get Retro.

This would lower the upfront costs of providing retro because those who chose Early Out basically have the costs spread out over their retirement.

Another plus for the company is it would give them the opportunity to hire new employees at lower rates, further offsetting the costs of Retro, structural raises and the Early out and help to balance out our top heavy(over 50) workforce. If AA doesnt start to get younger workers they will be in serious trouble down the road as huge numbers reach retirement around the same time.

 

[AAmechanic]

Thats not worded correctly, those who chose to take the Early out would get a package instead of Retro, those who stay would get Retro.

This would lower the upfront costs of providing retro because those who chose Early Out basically have the costs spread out over their retirement.

Another plus for the company is it would give them the opportunity to hire new employees at lower rates, further offsetting the costs of Retro, structural raises and the Early out and help to balance out our top heavy(over 50) workforce. If AA doesnt start to get younger workers they will be in serious trouble down the road as huge numbers reach retirement around the same time.

Thanks for clarifying the information Bob. Sounds like a good plan. Now if we could get the company to move off their "zero cost"contract plan!

 

[Barfbag]

Thanks for clarifying the information Bob. Sounds like a good plan. Now if we could get the company to move off their "zero cost"contract plan!

How is the early-out structured? Any word about the $25,000, originally offered? Anybody know?

 

[TWU informer]

Thats not worded correctly, those who chose to take the Early out would get a package instead of Retro, those who stay would get Retro.

This would lower the upfront costs of providing retro because those who chose Early Out basically have the costs spread out over their retirement.

Another plus for the company is it would give them the opportunity to hire new employees at lower rates, further offsetting the costs of Retro, structural raises and the Early out and help to balance out our top heavy(over 50) workforce. If AA doesnt start to get younger workers they will be in serious trouble down the road as huge numbers reach retirement around the same time.

I have not read that in any TWU communication regarding union proposals.

Only in the company communications does this appear.

 

[OldGuy@AA]

I have not read that in any TWU communication regarding union proposals.

Only in the company communications does this appear.

Dave, the company and the union are one in the same. Therefore since you saw it in the company communications, you saw it in the TWU communications. Come on man! You know that! haha