UAL - wasn't the bonus package that everyone was complaining about during negotiations supposed to go to management employees below the level of either Senior VP or Director?
What is really sad is a lot of these employees were dragged along for the ride with the enticement of the bonuses and heft severence packages, only to have them ripped away just before the ax falls. A good friend of mine with 18 years with the company went from being promised a performance bonus and a 52 week severence package (if the needed) to (most likely) being shown the door with 20 weeks severence and no bonus money. Money that was earned in 2001 and promised to be paid, even in bankruptcy court.
The week of October 14th many low and middle management employees were called into meetings around the system and were warned of impending layoffs. They were told that they would know something the week of the 21st. That week has passed and the ax has yet to fall. It is my understanding that their packets have arrived in many locations, but they may have to wait until Friday, Nov 1st to get the news. I have many friends in the low and mid levels of management in this company and I feel for each of them.
As far as I have seen and heard, no termination notices have been handed out.......yet. They should be delivered by Friday.
My thoughts and prayers are with every US employee that has been effected by this. From Rampers to Pilots to Managers.