- Jan 8, 2004
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Southwest Offers Buyout Program
- Thread starter sentrido
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delldude
Veteran
Why doesn't US do this? Because it does nothing for them. If Southwest offers an employee a buyout and the employee accepts and Southwest in turn decides to hire a new employee to take the old one's place, they hire a junior, bottom payscale individual. Enter cost savings for Southwest. If US offers the same buyouts and they then try and replace the former employee with a new one, they get a senior furloughed employee back on the books (higher pay, costlier benefits) so their is no real advantage to US to swap in and out senior payscale employees.
A buyout would only work for US if they laid folks off instead of furloughing them. For the reasons geo1004 stated, it buys US nothing while further depleting cash balances.
OP
- Jan 8, 2004
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Im sure your all right. Just speaking from the point of view of a mechanic, I just wonder how many furloughed people would come back. It has been almost 3 years. Do you think people would risk whatever new life they have made for themselves to work for a company in such "dire straights"? Just throwing it out there to see what you all think.
The guys/gals that have been out for three years may not come back, but there are mechanics and utility employees being furloughed every schedule change. They would probably come back. I know of several mechanics that are just going to stay out, collecting severance and unemployment waiting for next de-icing season to come back just to get recalled.
OP
- Jan 8, 2004
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- #7
Why was this moved?
Moderator's note: Duplicate topic. See the following thread to continue the discussion.
Southwest Considring Employee Buyouts
Moderator's note: Duplicate topic. See the following thread to continue the discussion.
Southwest Considring Employee Buyouts
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