Seems like a good time to retire, if you qualify.
But, will the retirees be subtracted from the layoff headcount?
Those layed off may not come back in the 5 year recall period on the 6 year concract.
2100 heads cut in TULE. Outsourcing is the Co.'s answer to the AMT shortage.
Timco heavies not going well for them, and we know about it, because its a domestic MRO.
But if its Aeroman in San Salvador, there WILL be a COVERUP OF INFORMATION, so that we will never know the truth.
The bean counters probably rationalize the outsourcing cost increases as temporary, and look for long-term averages to prove their
cost savings on the multi-colored bar charts that they all continually salivitate and drool over, while ignoring the human factors as
a result of this BK. Will we see their bar chart on the cost savings of $2.10/hr AMT wages vs in-house labor?
What is the most important asset of this Co.? You can peruse all the AMR ballance sheets,10k and 10Q's in
existence and never find it. Here is a clue. Its not the frickin' buildings or shiny new planes on the tarmac.
When companies mistreat their people, they don't know crap from shinola about us as people.
We are just numbers on the senority lists.
The most important asset for this and any company, are it's employees!
Now, after the BK fiasco term sheets are out, will the Co. be asking those 13k lower senority people to "do it for the Eagle/"
Will the Honey Badger be drying the Eagle's tears?
What if we had a furlough of bean counters for a change? How about a 40% reduction.