lildutchgrl
Advanced
- Joined
- Apr 4, 2007
- Messages
- 184
- Reaction score
- 0
VOLUNTARY FURLOUGHS
As part of the announced capacity reductions and international seasonal flying reductions the Company found themselves in an overstaffed situation. Prior to any involuntary furloughs the Company is required to offer Voluntary Furlough (VF) programs and a Voluntary Separation Incentive Program (VSIP).
The VF and VSIP program bid closed yesterday at 1500 EDT. Initial results have been communicated to the Union. I am happy to report that both the three (3) month and eight (8) month VF programs were well oversubscribed; therefore, there will be no involuntarily furloughs on the East at this time.
The Company is still validating all of the bids and determining if displacements will be necessary as a result of the VF bids.
The final awards will be released on Monday July 21, 2008 and the Union will advise you as soon as we have been provided the final results.
As part of the announced capacity reductions and international seasonal flying reductions the Company found themselves in an overstaffed situation. Prior to any involuntary furloughs the Company is required to offer Voluntary Furlough (VF) programs and a Voluntary Separation Incentive Program (VSIP).
The VF and VSIP program bid closed yesterday at 1500 EDT. Initial results have been communicated to the Union. I am happy to report that both the three (3) month and eight (8) month VF programs were well oversubscribed; therefore, there will be no involuntarily furloughs on the East at this time.
The Company is still validating all of the bids and determining if displacements will be necessary as a result of the VF bids.
The final awards will be released on Monday July 21, 2008 and the Union will advise you as soon as we have been provided the final results.