Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
From what has been in the news, and from what I've read ont the UAL board here, it seems that the UAL people are going to lose their pensions in some way, shape, or form.
Now they are going to be the envy of the remaining large carriers, and corporations in general because they will have no pension liability. They not only stuck it to the employees, but the taxpayer ultimately will fot the bill.
Do you really believe AA will be the last one standing with traditional pension plans?
Two things are likely to transpire with AA.
First, AA will approach the unions and beg to change the pension plans for a cheaper cash balance, or 401k match plan...VOLUNTARILY!
OR
Second, if the unions balk, then AA will begin the gloom and doom scenario and threaten Bankruptcy again. (This tactic had the TWU on their knees begging for mercy with fear of losing union dues paying members!)
EITHER WAY, WE ARE GOING TO LOSE!
The big question is WHAT WILL WE GET IN RETURN?
Now they are going to be the envy of the remaining large carriers, and corporations in general because they will have no pension liability. They not only stuck it to the employees, but the taxpayer ultimately will fot the bill.
Do you really believe AA will be the last one standing with traditional pension plans?
Two things are likely to transpire with AA.
First, AA will approach the unions and beg to change the pension plans for a cheaper cash balance, or 401k match plan...VOLUNTARILY!
OR
Second, if the unions balk, then AA will begin the gloom and doom scenario and threaten Bankruptcy again. (This tactic had the TWU on their knees begging for mercy with fear of losing union dues paying members!)
EITHER WAY, WE ARE GOING TO LOSE!
The big question is WHAT WILL WE GET IN RETURN?